- Oct 18, 2008
- Reaction score
Subs..EURUSD today's price is 1.06861 on MT4 FXOpen. Today no gap occurs in the market, the price tried to form a bull candle since opening.
In the daily timeframe, EURUSD now moved above the middle band line below the upper band line and draws a sideways market. The MA 50 below yje price still draws descending line giving the neutral signal, meanwhile, the RSI level 55 indicates the prices are above the uptrend zone level.
In the H1 timeframe, EURUSD still moves in the range of the Bollinger band near 1.06951 and 1.06223. The Bollinger band squeeze was waiting for a breakout. Here the MA 50 is flat indicating a sideways market and the RSI level is 53 which means the prices are above the uptrend zone level.
Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.