Performance for the Day

The EURUSD range continues today (the fourth day) as price moves tightly within the 1.1645 – 1.1529 area as traders awaits the next event that will inject fresh impetus into the market. As at the time of this post, EURUSD price is currently hovering at the 1.1585 area.

Tomorrow’s main events on the economic calendar are the Swiss National Bank Interest Rate Decision, Monetary Policy Report from the Bank of England and Governor Carney’s Speech..

Trade Levels to Watch

A strong break above the 1.1651 level will signal more bullish correction of the pair to the 1.1715 area. A strong break below the 1.1545 area will signal a bearish move of the pair to the 1.1515 area.

Range continues

Caution: Forex trading is risky. It is advisable that you acquire enough experience before you start to trade with real money. Do not invest in money that you cannot afford to lose (it is important that you study leverage, lot size, and money management in Forex trading very well before you execute your trade decision).

To trade in the Forex Market you must first sign up with a Forex Broker. There are lots of Forex Brokers out there that offer good service to their clients. Services include tight spread, partnership amongst others. My preferred brokers are 1. Alpari (https://alpari.com/en/?partner_id=1244646) and 2. FXTM (http://forextime.com/?partner_id=4806145). You may sign up through any of the partner links above. You may also send me a mail in case you need me to guide you on how to sign up and start trading (beanfxtrader@gmail.com)

One Reply to “EURUSD: Range Continues! Thur 21/06/2018”

Leave a Reply

Your email address will not be published. Required fields are marked *