Key Technical Levels
Charts created using Strategy Trader - Prepared by John Rivera
The 20-Day SMA at 85.20 continues to be a major resistance level for the pair, limiting upside risks. The psychological level of 84.00 is proving formidable despite several dips below. Traders appear reluctant to take the pair mush lower is it is already at multi-decade lows. The solid barriers have led the pair to begin carving out a short-term range between 83.75-86.00-providing levels to target for entering and exiting positions.
Charts created using Strategy Trader - Prepared by John Rivera
Quantitative Metrics
Charts created using Strategy Trader - Prepared by John Rivera
Click for Additional Info on Scalping Strategies
To Discuss Scalping Strategies and Get Tips From Other Traders Visit the Scalping Forum.
How to Use Scalping Report Video
To discuss this report or be added to the email list, contact John Rivera. Currency Analyst: jrivera@fxcm.com
DailyFX provides forex news on the economic reports and political events that influence the currency market.
Learn currency trading with a free practice account and charts from FXCM.
