EUR/USD

It is going to be a long wait if the question is about ranging ahead of next weeks NFP.

1) Bollinger bands are flat (=horizontally) in 4H time frame.
2) Does not really matter. Spread decides if the range is tradeable or not. The wider the bands are the better.
3) I would look for another currency pair to trade. Range is not very profitable, in my experience. I know I'm using wrong tools, but still.

The EURUSD may have found a resistance around the 1.1400 level, but a breakout could take the pair to the 1.1500 zone. To the downside, the 1.1300 level may act as support.

LongVision posted:
I am bullish on EURUSD open position on 1.1337 with trailing stop of 60pips.

My position is stuck in a range from the previous 7 days without hitting my stop loss now there is some movement in EURUSD now I hope I will exit my position with a small loss or nice profit.

CheCheChe posted:
Perfect range trading conditions. Sell at 1.1355 and Buy at 1.1330 . Easy pips making machine. Range trading is way better than trend trading because markets range 80% of the time

typical beginners mistake
scalping is for advanced traders
Kind regards

alexforex007 posted:
The EURUSD may have found a resistance around the 1.1400 level, but a breakout could take the pair to the 1.1500 zone. To the downside, the 1.1300 level may act as support.

that is a good plan if break 1.14 level its going to 1.14700-1.1500 level
en if going down resitance a round 1.13000
kind regards

Price is at 1.14 now and has edged a little higher. I will need to see a close on 1H and then a retest of 1.14 to consider going higher through. Very choppy price movement on EURUSD now so is risky time

I see the opportunity for sell on EUR/USD.
The 1.1372 suppot was broken and the next one is 1.1337

Lot of resistance at 1.14 once again price fell lower. What do people think the reasons are for the tight range on euro? Is brexit causing indecision?

AkbarM posted:
Lot of resistance at 1.14 once again price fell lower. What do people think the reasons are for the tight range on euro? Is brexit causing indecision?

Brexit has little if any effect on Eur/USD ,been trading it a long time.

market makers accumulation time to misguide the retail trader

Price back up to 1.14. There is so much interest at that level that I think it must end up breaking through at some point. Maybe not today but next week

that s the point of course it building up the market
off buyers en sellers .when there are less selers
 the morket makers will thake the opposite move after
they made their analyse en will try to atract more buyers
in to the market by misguide them with peak move up the market
en then a sell off drop that is why the accumulation period .

i wait till new trend is clear . up or down

parish posted:
 i wait till new trend is clear . up or down

You could be waiting a while. Price has been ranging for months and doesn't seem to break out any time soon. Could be better off trading the range

EURUSD is my favorite pair, every day good moves and you can earn a few pips without any problems.

feel free to do
 i look at other pairs in mean time .

a few pips is good but nothing in compare the hunderds
of pips are to be made on other pairs in the mean time
last week with al the gbp pairs Thousand s of pips to earn .
i you know what your do off course .

yes price movement on eurusd is so small now. It is not worth it. I am focusing on jpy pairs as they have more movement but even they are moving less than historically. i wonder if algo trading is reducing volatility levels

its slow the whole market exept some peaks after some news. but not like other weeks maybe the geopolitics of us with the report that comes out this week of de president of america if positive a explosion up en if not a tumble down