EUR/USD Daily overview

A few days ago I mentioned that sideway is evident, just look at the chart above. In the next few sentences I will try to explain how to trade in similar situations.

If you look at H1 time frame the situation is quite complicated in this situations trying to reach a more precise picture of the the Market using higher TF, if you look at the price of the H4 chart is much clearer, if you know how to trade. Sideway on the H4, which runs more than two weeks. If you think, based on fundamentals and your past experience that the price will go to sell, you should wait for Resistance zone (see picture) before you enter the position, the opposite applies to buy (see picture).

This is not a technical analysis that will give clear instructions regarding the stops and take profits because a lot depends on the price action, this is the just overview, that will help you to get self confident while trading.

The picture below represent the same TA at H1.

In order to get a more clear picture is necessary to look at daily chart. At daily chart you can see important areas. Now, you have a clearer picture of market, I hope that will help you in your trades.

You might also like

EUR/USD Sideway Trend This is my favorite sideway trend set-up, If you look at this H1 eur/usd chart you will see huge...

EUR/USD Technical Analysis and News Daily Overview If you look at EUR / USD on the H4 time frame (see picture above), you'll see a sideways trend that...

Daily Open Line – Indicator for better picture of market Daily Open Line is a very simple indicator that draws the line which represents the ending day price...

GBP/USD Technical Analysis A few days ago I was wrote about "How to trade GBP/USD after ADP Non-Farm Employment Change" and I mention...