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scalping report
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- Feb, 09 Solid S/R Levels Makes USD/CAD Scalping Target
- Feb, 08 NZD/USD Approach Of Solid Support Offers Scalping Opportunity
- Feb, 05 A Channel Bound AUD/NZD presents Scalping Opportunity
- Feb, 04 A Range Pound EUR/GBP presents Scalping Opportunity
- Feb, 03 EUR/USD Presents Scalping Opportunity Ahead Of ECB Decision
- Feb, 02 GBP/USD Presents Scalping Opportunity Ahead Of BoE Decision
- Feb, 01 AUD/USD Presents Scalping Opportunity Ahead Of RBA Decision
- Jan, 29 A Range Bound NZD/USD Provides Scalping Opportunity
- Jan, 28 AUD/USD Becoming Scalping Target As Range Develops.
- Jan, 27 EUR/USD Ideal Scalping Target Ahead of Major Event Risk
- Jan, 26 USD/JPY Becomes Scalping Target Ahead of FOMC Meeting
- Jan, 25 A Range Bound USD/CHF Offers Scalping Opportunity
- Jan, 22 EUR/USD Consolidation Offers Scalping Opportunity
- Jan, 21 USD/CAD Offers Scalping Opportunity as Resistance Creates Short-term Range
- Jan, 20 A Range-Bound USD/JPY Creates Ideal Scalping Environment
- Jan, 19 USD/CAD Becomes Scalping Target With Solid S/R Levels
- Jan, 15 USD/JPY Becomes Scalping Target With Solid S/R Levels
- Jan, 14 NZD/USD Consolidation Creates Ideal Scalping Environment
- Jan, 13 EUR/USD Is Ideal Scalping Target Ahead Of ECB Decision
- Jan, 12 GBP/USD May Become Scalping Target If Wedge Formation Develops
The EUR/USD continues to see-saw as risk appetite ebbs and flows keeping the pair relatively unchanged over the past ten days. Stocks down on the day have helped the pair erase losses from yesterday. However, the pair continues to see support levels hold keeping the pair within its recent trading range, making it a target for scalpers.
Key Technical Levels
The 20-Day SMA at 1.4869 has held as a support with breaks below the technical level finding little follow through before retracing. The pair has settled into a 300 pip range which is wider than scalpers would typically desire. However, the defined levels give traders levels to target for entering and exiting positions.
Quantitative Metrics
A narrow Bollinger band width of 397 pips makes the EUR/USD one of the most attractive pair’s for scalpers. An ATR of 146 pips is one of the highest of the pairs listed below, but the daily range has steadied giving traders a predictable volatility pattern. Indeed, we see that the one week implied volatility at 9.61 is the lowest of the majors giving us comfort that the current environment will continue.
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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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