Guys market is calm and consolidating in a narrow range in the absence of any major economic release, we need to continue trading with the previously recommended trade.
EURUSD trades around 1.0410 and tested the 1.0450 resistance area and the 20-hour moving, after Yellen, it turned to the bearish. It fell to 1.0408, hitting a fresh daily low, slightly below previous lows.

Technical Analysis:

The technical outlook of the EURUSD remained the same, as it edged slightly lower after maintaining its slight retracement The pair headed higher to complete the 38.2% retracement 1.0485. It fell sharply and broke below a strong triple bottom support level of 1.0530. The RSI value has shifted higher to 42. Moreover, the pair has a resistance around 1.0566 and 1.0665, while the intra-day support prevails at 1.0391 and 1.0266.

German PPI m/m
Current Account


No Economic Event Expected

Daily Trading Range:
1.0550 – 1.03200
Support & Resistance Levels

R3: 1.0612
R2: 1.0546
R1: 1.0505
Pivot Point: 1.0439
S1: 1.0373
S2: 1.0332
S3: 1.0266

(Still Active)
Sell Below: 1.04688
Take Profit:
1st @ 1.03785
Stop Loss @ 1.0499


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