The EURUSD has opened Tuesday’s trading lower, with price now testing the daily S3 Camarilla pivot at 1.1230. This point on the graph represents daily support for today’s 122 pip trading range. In the event that price remains range bound, reversal traders will watch the price action for a bounce in price back towards range resistance, found at the R3 pivot at a price of 1.1352. A bounce higher also opens the possibility of a move beyond today’s R4 pivot at 1.1414. A breakout beyond this value, would be an extremely bullish scenario with price moving to a new monthly high for the month of June.
A reversal through the S4 pivot, would signal a shift from yesterday's bullish momentum. In the even that a lower low is formed, traders will begin to look for price to challenge the currently weekly lows which now reside at 1.1080.
www.dailyfx.com/fore...-122-Pip-Range-.html
A reversal through the S4 pivot, would signal a shift from yesterday's bullish momentum. In the even that a lower low is formed, traders will begin to look for price to challenge the currently weekly lows which now reside at 1.1080.
www.dailyfx.com/fore...-122-Pip-Range-.html
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