Chart Overview In this analysis, we’ll take a closer look at the daily chart of the Euro FX Futures, focusing on the price movements as 6E has been stuck in a range for over one year. This range is between well-defined support and resistance zones, with the resistance zone at 1.10265, and the support zone Read More…
Tag: Euro
Euro Bears Start Taking Control (6E): Technical Outlook
Weekly Chart Analysis for EURO FX Futures:The weekly chart shows price oscillating between a tight range of support and resistance. The Moving Average Convergence Divergence (MACD) is flat and close to the zero line, indicating a lack of strong momentum in either direction. The support zone around 1.05900 is critical, and a break below would Read More…
Euro FX futures (6E) technical analysis trades both directions
Weekly Chart Analysis: The weekly chart exhibits a consolidation pattern with a clear ‘Point of Control’ at approximately 1.09220. This level represents the price with the highest volume traded over the analyzed period and acts as a significant area of balance between supply and demand. The presence of a ‘Low Volume Node’ below this range Read More…
EURO FX futures (6E) bulls & bears fight it out
Weekly Chart Analysis:The weekly chart shows the price fluctuating within the Gaussian channel. The recent trend is sideways, with the price fluctuating between the upper and lower bands of the channel. The ‘Higher High’ (H) and ‘Lower Low’ (L) indicate a lack of a clear long-term trend. The RSI is at 54.37, which is neutral, Read More…
Euro FX Futures: Key Technical Levels and Trade Setups to Watch
As the Dollar continues to fall, eyes are on the Euro and how it will weigh up against the rest of the world currencies. In this week’s technical analysis, we take a look at the monthly, weekly, and daily charts. We also look for trade ideas and ways to play the market. Monthly Chart The Read More…
Is the strength over for Euro FX futures (6E)?
Weekly chart The main feature we can look at on the weekly chart is the volume profile indicator. The Euro has struggled to break above the point of control line and has begun to retrace from it as it acts as resistance. Currently, 6E is trading within a high-volume node. You can see this by Read More…