Daily Price Action

EURUSD Tests Range Highs at 1.1410


Important: This site uses New York Close Forex Charts so that each 24-hour session starts and ends at 5 pm EST. These charts are essential for trading price action.

On Sunday I wrote about the possibility of a 1.1410 retest for EURUSD.

You can see where this level served as resistance in February and March.

Tuesday’s session reached a high of 1.1411 before reversing and closing the day lower by more than 40 pips.

The EURUSD carved a bearish engulfing day in the process.

However, I would be careful trying to short the pair here. The euro appears to be attempting a broader reversal since coming off 1.1110 in late May.

It’s especially evident when viewing the weekly time frame.

I do think we could see some weakness in the short-term, though, perhaps into 1.1300 or 1.1260 if sellers can get behind yesterday’s bearish candle.

Alternatively, a daily close above 1.1410 would set our sights on 1.1560.

I’m going to give the EURUSD some space to see what it wants to do here.

One to two messages daily. You can unsubscribe at any time. See our privacy policy.

This isn’t what I would consider an “A+” setup, especially when you consider how the weekly time frame is starting to perk up a bit.

Want to see how we’re trading EURUSD? 

Click Here to join us and save 40% – Ends June 30th!

EURUSD key levels

Leave a Comment:

Justin Bennett says

Now you can get access to the same professional Forex charts I use!

Get access today: http://bit.ly/2UzPyiR

These charts give you five 24-hour sessions each week. They are essential if you trade from the daily or 4-hour time frames. Anything else can produce false buy and sell signals.

Download the platform here: http://bit.ly/2UzPyiR

tu vinh quay says

Good morning, sir

Samuel says

Thank you so much the update.

peter alabi says


Ali says

I guess we have to be patient with that one Thank you Sir JUSTIN.

Praise says

Thanks for the update. Sir

Kenny Jay says

Hit the support … Will it’s fall or rise ?

Add Your Reply