FBS - Analytics


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    EUR/USD: euro is tired of consolidation

    At the daily EUR/USD we see consolidation. This is confirmed by the absence of direction in MACD and as ADX is below 25. The main recommendation is to buy or sell on the break of resistance/support. Moving averages show that short positions are in priority.

    At H1 ADX is spending most time below 25. The borders of the trade range lie at 1,097 and 1,117.

    Recommendation: BUY 1,117, SL 1,097,TP 1,147; SELL 1,097, SL 1,117, TP 1,067

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