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.
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Report #7 for WTI linked here.