Tuesday, May 14, 2013

EURUSD Channel Consolidation

myfxvoyage.blogspot.com EURUSD H4 Channel
Lately pair is moving in ascending channel. 100 & 200EMA are almost flat - indicating consolidation. 

Looks like the pair is in range based trading. It is not able to break resistance of 1.3140/45 area after several attempts. 

Plan is to enter short near the resistance area of 1.3140/45. 

No comments:

Post a Comment

Related Post