EUR/USD Intra-Day Technical Analysis - waiting for high volatility
4 September 2015, 08:07
5
1 554
M5 price is above SMA with period 100 (100-SMA) and above SMA with the period 200 (200-SMA) for ranging between the following key levels:
- 1.1139 resistance level located far above 200-SMA/100-SMA on the bullish area of the chart;
- 1.1120 support level located below 200-SMA/100-SMA on the bearish area of the chart.
RSI indicator is estimating the bullish trend to be continuing.
- If the price will break 1.1139 resistance level so the bullish trend to be continuing on this timeframe.
- If price will break 1.1120 support so we may see the reversal of the price movement to the bearish market condition for M5.
- If not so the price will be ranging within the levels.
| Resistance | Support |
|---|---|
| 1.1139 | 1.1120 |
| N/A | N/A |
- Recommendation to go short: watch the price to break 1.1120 support level for possible sell trade
- Recommendation to go long: watch the price to break 1.1139 resistance level for possible sell trade
- Trading Summary: ranging
SUMMARY : ranging
