10: 50 GMT April 17,-
Jay Meisler Daily Forex Weathermap-EURUSD (current speed 1.3146)
Misleading, misrepresentation and whipsaw are three words that we keep hearing to describe the EURUSD as continues to frustrate attempts to break the nearly 3 months 1.30-1.35 range. That is the position, the invisible or other factor unexplained, the EURUSD continued to frustrate.
If you are looking for a trade of pain, it would take 1.3210-15, where there are probably large stops. On the other hand, logic suggests limited risks in advance of Thursday's Spanish auction. In any case, expect 1.3150 set bias in 1.31-1.32.
Range:
Resistance
1.3250
1.3213 = 12 April high (1.3211 = 50 days of mva)
1,3203 = 20 of mva
1.3172 = high-day
1,3120
1.3090 = low-old
1.3050
1.2995 = low Monday's
Support
See the full report, including levels at GVI Forex Forum
Jay Meisler Daily Forex Weathermap-EURUSD (current speed 1.3146)
Misleading, misrepresentation and whipsaw are three words that we keep hearing to describe the EURUSD as continues to frustrate attempts to break the nearly 3 months 1.30-1.35 range. That is the position, the invisible or other factor unexplained, the EURUSD continued to frustrate.
If you are looking for a trade of pain, it would take 1.3210-15, where there are probably large stops. On the other hand, logic suggests limited risks in advance of Thursday's Spanish auction. In any case, expect 1.3150 set bias in 1.31-1.32.
Range:
Resistance
1.3250
1.3213 = 12 April high (1.3211 = 50 days of mva)
1,3203 = 20 of mva
1.3172 = high-day
1,3120
1.3090 = low-old
1.3050
1.2995 = low Monday's
Support
See the full report, including levels at GVI Forex Forum
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