Never mind the ECB.
Central bankers haven’t been interesting since Greenspan, Sakakibara, and that guy before Christine Lagarde (I can’t remember his name… and I don’t care.)
At the end of this post are the EURUSD charts for Daily, H4, H1, M15, and M5 timeframes along with the institutional order levels of interest (i.e. the horizontal lines).
The only odd chart is the H1, where it looks like I targeted 1.1965 on the high side but price seems to stall below 1.1880.
But if you look at the other timeframes, you’ll see the support zone around 1.1800 looks pretty solid that my upside targets still seem possible.
In general, price needs to break out of the colored rectangles in the respective charts to confirm any change in trend or sentiment. If it doesn’t, range trading opportunities are still possible.
All displayed chart support/resistance lines are either historical levels or actual confirmed order book levels currently being traded by major players based on available market intelligence.
Disclaimer: This content is for educational purposes only. It does not constitute trading or investment advice. Past performance does not indicate future results. Do not invest more than you can afford to lose.
