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EURUSD trades in a trading range between 1.3546 and 1.3691

Discussion in 'Technical Analysis' started by ForexCycle.com, Apr 14, 2010.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

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    EURUSD trades in a trading range between 1.3546 and 1.3691. The price action in the range is more likely consolidation of uptrend from 1.3282. As long as 1.3546 support holds, one more rise to test 1.3817 is still possible after consolidation, a break of this level will indicate that the longer term downtrend from 1.5144 (Nov 25, 2009 high) has completed at 1.3267 already. Support is at 1.3546, only fall below this level could take price back to 1.3450-1.3500 area.

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