EURUSD is tagging upper band of lateral channel with in which it was trading laterally, marked by the upper 1st standard deviation from weekly (120h) mean.
Volatility, measured by 3.2 standard deviations from the mean does not show compression.
Thus price can breakout into a leg of uptrend if it trades above the 1st st deviation (at 1.0971)
Traders can pick this long trade with a stop at the weekly mean (at 1.0925)
Volatility, measured by 3.2 standard deviations from the mean does not show compression.
Thus price can breakout into a leg of uptrend if it trades above the 1st st deviation (at 1.0971)
Traders can pick this long trade with a stop at the weekly mean (at 1.0925)