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Daily Chart of the EUR/USD Pair Futures Trading at Resistance Zone

Daily Chart of EURUSD Pair Futures Traded on Globex

Yesterday’s close was in the current resistance zone. Buyers are still coming in. We can see that 1.3100 is a critical resistance level as it is both the top of the resistance zone and the main down trend channel.

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

The Constant Volume Bar chart is set to 250 contracts with the CQG ChartTrader shows the RSI readings are indicating upside momentum. When this image was captured, we see peak RSI readings below 62, and the recent low readings below 38, which is down trend momentum behavior.

TradeFlow Chart of EURUSD Pair Futures Traded on Globex

The current morning snapshot of the TradeFlow Chart for the EURUSD has the both studies set to a five-bar running sum with the CQG ChartTrader. Traders at this moment are hitting bids as the sell volume line (red) is running higher than the buy volume line (green) of the TFVCrss study.

This entry was posted Thursday, February 1st, 2007 at 9:19 am and is filed under TradeFlow, 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