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The EURO FX Futures Consolidate Yesterday’s Gains

Daily Chart of EURUSD Pair Futures Traded on Globex

The EURO FX Futures (EUR/USD pair) are trading within yesterday’s range. The next target is the overhead resistance zone. The market did close yesterday with the daily RSI reading above 62 and confirmed the bullish momentum.

Constant Volume Bar Chart of EURUSD Pair Futures Traded on Globex copy

The Constant Volume Bar chart is set to 1,000 contracts with the CQG SnapTrader shows the market trading right in the middle between a support and a resistance zone. The RSI readings are closing between 38 and 62, which is trading range behavior for this intraday view.

TFlow Chart of EURUSD Pair Futures Traded on Globex

This morning’s snapshot view of the TFlow Chart for the EUR/USD has the both studies set to a five-bar running sum with the CQG ChartTrader. Currently, the sell volume line (red) is running slightly higher than the buy volume line (green) of the TFVCrss study and is indicating the sellers have the slight edge.

The TFlow view of the market can change very quickly.

This entry was posted Wednesday, February 28th, 2007 at 9:29 am and is filed under TFlow, EUR/USD Futures. You can leave a response, or trackback from your own site.

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Thom Hartle’s View of Trading and the Financial Markets