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The EURO FX Futures Continue to Advance

Daily Chart of EURUSD Pair Futures Traded on Globex

The price action of the EURO FX Futures (EUR/USD pair) continues to be bullish. The next target is the overhead resistance zone. If the market closes near these levels then the daily RSI reading will close above 62 and confirm 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 edged through a resistance zone, but fell back. This false breakout and the RSI readings barely closing above 62 is trading range behavior for this intraday view.

TradeFlow Chart of EURUSD Pair Futures Traded on Globex

This morning’s snapshot view of the TradeFlow Chart for the EUR/USD has the both studies set to a five-bar running sum with the CQG ChartTrader. Currently, the buy volume line (green) is indicating the buyers have the edge by peaking above the sell volume line (red) of the TFVCrss study.

The TradeFlow view of the market can change very quickly.

This entry was posted Tuesday, February 27th, 2007 at 9:24 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