Trend: up
Momentum: Stalled
Failure on both sides keeps the August range at 1.1500-80 with the market likely paying more notice to 1.15 holding as support (low today 1.1511).
A case can be made for long consolidation period for the uptrend that has rewarded range traders at the expense of those betting on breakouts.
(AT 4 hour chart)
Test Plugin
Add comment