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Euro / Dollar AS

EURUSD (Daily) continues to chop sideways

Oleh orvilleawright
On the Daily chart the EURUSD continues to chop sideways. This has been the case from the beginning of September 2016. Currently price appears to be supported by the 50 SMA and chops between the 1.11 to the 1.13 zone with 1.12 acting as support and resistance at times. Overall we are still in a bearish trend since we have not broken the down channel line.
dailychartEURUSDorvillewrightprice-actionstructure-tradesupportSupport and Resistance
orvilleawright
I may trade all, some or none of the ideas posted. All of my contributions are for educational purposes only. 'TRADE What You SEE'' and all the best!
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