Small Base Built on the Daily Chart of the EURUSD Pair Futures

Daily Chart Shows Small Base Built

The market is still trading between a near-term resistance zone and the support zone. It looks like the RSI readings will form pivot low above 38 today, and that sets the market into a trading range. The market has built a base over the last seven days, so that could lead to some more upside movement.

Euro and SnapTrader

The morning look at the TradeFlow Chart for the EURUSD has the both studies set to a five-bar running sum with the CQG SnapTrader attached. Buyers have been bidding the market higher based on buy volume line climbing above the sell volume line of the TFVCrss study.

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Thom Hartle’s View of Trading and the Financial Markets