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EURUSD report for swing/day trades #8

EURUSD stuck between support and resistance; swing look for next short

Analysis for swing traders

Inspection at weekly timeframe shows EURUSD stuck between two shadows marked R for resistance S for support. Until conclusive break out of this zone the pair is range bound. For rest of this week it will hold since US celebrates Independence Day and then there is non-farm payroll this Friday . Swing traders should look for next turning point to short continuation. R and S determined with ColonelKinkSAR™ method.

Analysis for day traders

Look for range trade between R and S. Follow short term indicators.

EURUSD weekly chart 08 by Colonel Kink Forex Reporter

EURUSD weekly chart 08 Colonel Kink Forex Reporter | Source: Tradingview

Join discussion on Tradingview thread here.

Report #7 for WTI linked here.

 

Forex observations using the ColonelKinkSAR™ Method. Follow me on https://www.tradingview.com/u/colonelkink/.

I have no license to analyse/provide recommendation anywhere on Earth. I am a stranger. Bear your own consequence if you choose to listen to a stranger.

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