Lingrid | EURUSD ranging MARKET

The market is forming a range zone. EURUSD retested lows and went higher after the news release on Friday. Basically, the price is squeezed. The market could not move lower below the key level at 1.08000, which suggests that bears do not have enough strength. As you can see, the market is bouncing off the top and bottom of the range. Today we have no high-impact news, so I expect the price to continue ranging before a breakout and testing the February highs. My goal is the resistance at 1.08950


Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

Kommentera:

The market is ranging after it broke through the downward channel on 1H timeframe. It might continue ranging because the price reached the area where it stayed in consolidation before. I think the price in the accumulation phase can lead to a new extension. As you can see, the market is very choppy. I expect a liquidity grab from the previous daily low and then a move upwards. My goal is the resistance zone around 1.08800

Kommentera:

The market went up and literally missed the target by a couple of pips. It is ranging around the 1.08500 level. Even though EURUSD updated its highs, it formed a doji candle on the daily timeframe. The price is pulled back to the support level after an impulse move upward, creating an opportunity to buy. I expect a volatile day due to the upcoming high-impact news. But I think the market may move higher from the support level because the market is in a bullish trend. My goal is the resistance at 1.08880

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The market hit tp