EURUSD Key Levels to Watch as Ranging Conditions Persist (May 9, 2024)

EURUSD bounced from key support today but faces a critical test at 1.0800. Get all the levels to watch in today’s video!

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8 件のコメント

  • i appreciate that you’re the only guy I’ve found who actually recognizes that the PA we’re seeing is due to the market ranging and getting really tight over the past 6+ months. that’s why it’s so crappy, once it starts moving again it’ll be easier to trade. hopefully this year still lol

  • On weekly chart it looks like forming a diamond formation which is kind of oscillation after the first rising wave from around 0.9535 in September 2022 to around 1.127 in July 2023. Looking to break 1.10 to further up to 1.15 and if 1.15 breaks, feel like USD will get into medium long term downtrend or perhaps it has been already started. Even if it breaks bottom side of the formation I would consider it is a further push back from wave one and looking for another chance to ride on wave 3 which is upwards.
    Vice versa looking short on USDCAD and USDCHF.

  • This year price action is nuts,they will use some big news to send price to their target,then it becomes sideways.

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