scalping report
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- Nov, 20 EUR/JPY Support Levels Provide Targets For Scalpers
- Nov, 20 EUR/USD Remains Range Bound Becoming A Scalping Target
- Nov, 19 EUR/USD Remains Range Bound Becoming A Scalping Target
- Nov, 18 GBP/JPY Consolidation Creates Ideal Scalping Environment
- Nov, 17 USD/CAD Resistance Levels Provide Targets For Scalpers
- Nov, 16 USD/CHF Slows On Approach To Parity Creating Scalping Opportunity
- Nov, 13 USD/JPY Support Level Provides Target For Scalpers
- Nov, 12 GBP/USD Consolidating After Finding Support, Creating Scalping Environment
- Nov, 11 AUD/USD Quiets After Setting Fresh Yearly High, Creating Scalping Opportunity
- Nov, 10 GBP/JPY Consolidation Provides Opportunity For Scalpers
- Nov, 09 USD/CAD Slowed By Support Creating Scalping Opportunity
- Nov, 05 AUD/USD Providing Rich Scalping Environment As Markets Await NFP’s
- Nov, 04 GBP/USD Becomes Target For Scalpers With Event Risk Looming
- Nov, 03 USD/CAD Consolidates Near Fibo Level Providing Opportunity For Scalpers
- Nov, 02 NZD/USD’s Declining Trendline Provides Opportunity For Scalpers
- Oct, 30 EUR/USD Provides Levels For Scalpers To Target
- Oct, 29 EUR/CHF Presents Scalping Opportunity As Broader Volatility Increases
- Oct, 28 EUR/USD: Trading the Advanced U.S. 3Q GDP Report
- Oct, 28 GBP/USD Becomes Target For Scalpers With Looming Event Risk.
- Oct, 27 USD/JPY Target For Scalpers As Yen Regains Funding Status
Despite volatility following the US Non-farm payroll report the EUR/USD continues to trade within its current range. The pair has seen relatively little movement this past week considering the monumental event risk that it faced. Next week’s EZ GDP and CPI reports may be market moving but until their release on Friday, we could see the euro trade in a defined range.
Key Technical Levels
The Euro/Dollar continues see its upside limited by the 20-Day SMA at 1.4866 which has led to the pair settling into a range. 1.4700 is serving as the lower bound giving traders definable levels for exiting and entering positions.
Quantitative Metrics
The EUR/USD has seen its ATR start to rise as the pair has seen a pickup in volatility as risk appetite has become sporadic. A daily range of 141 pips remains in line with other major pairs, but at only 0.94% of the spot price, it becomes more attractive. A narrowing Bollinger band speaks to their pairs recent range bound activity which is a bonus for scalpers. However, be aware that if the band becomes too thin a breakout may be imminent.
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To discuss this report or be added to the email list, contact John Rivera, Currency Analyst: jrivera@fxcm.com
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