{"id":124957,"date":"2018-04-11T07:15:13","date_gmt":"2018-04-11T11:15:13","guid":{"rendered":"http:\/\/countingpips.com\/?p=124957"},"modified":"2018-06-01T15:40:54","modified_gmt":"2018-06-01T15:40:54","slug":"eur-usd-two-way-price-action-within-the-rectangle-range","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/04\/eur-usd-two-way-price-action-within-the-rectangle-range\/","title":{"rendered":"EUR\/USD Two-Way Price Action Within the Rectangle Range"},"content":{"rendered":"
April 11, 2018<\/div>
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By Admiral Markets<\/b><\/p>\n

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Source: Admiral Markets MT5<\/a> with MT5SE Add-on<\/a><\/em><\/p>\n

The EUR is getting stronger as we could see from yesterday’s EUR\/JPY analysis<\/a>. The EUR\/USD follows but contrary to EUR\/JPY; we can see a rectangle consolidation which is not a sign of a healthy trend. That implies a range-bound price action with two possible bouncing spots. 1.2420-40 is the zone for shorts \u2013 POC (s). If the price reaches the zone, we might see a rejection towards 1.2350 and 1.2315. However, if the price drops to 1.2244-68, we might see a bounce towards 1.2315 and 1.2350. The short-term movement will stay within the range as long as this rectangle holds.<\/p>\n

W L3 – Weekly Camarilla Pivot (Weekly Interim Support)<\/p>\n

W H3 – Weekly Camarilla Pivot (Weekly Interim Resistance)<\/p>\n

W H4 – Weekly Camarilla Pivot (Strong Weekly Resistance)<\/p>

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Free Reports:<\/p><\/div>\r\n

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<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

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<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

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M H4 – Monthly Camarilla Pivot (Very Strong Monthly Resistance)<\/p>\n

M L3 \u2013 Monthly Camarilla Pivot (Monthly Support)<\/p>\n

M L4 \u2013 Monthly H4 Camarilla (Very Strong Monthly Support)<\/p>\n

POC – Point Of Confluence (The zone where we expect price to react aka entry zone)<\/p>\n

Best wishes,<\/p>\n

Nenad<\/p>\n

Follow Admiral Markets<\/a> on Facebook \u2013 @AdmiralMarkets<\/a> on Twitter \u2013 for the latest market updates.<\/p>\n

Article by Admiral Markets<\/b><\/p>\n

Source: EUR\/USD Two-Way Price Action Within the Rectangle Range<\/a><\/p>\n

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Admiral Markets is a leading online provider, offering trading with Forex and CFDs on stocks, indices, precious metals and energy.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

By Admiral Markets Source: Admiral Markets MT5 with MT5SE Add-on The EUR is getting stronger as we could see from yesterday’s EUR\/JPY analysis. The EUR\/USD follows but contrary to EUR\/JPY; we can see a rectangle consolidation which is not a sign of a healthy trend. That implies a range-bound price action with two possible bouncing […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-124957","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/124957","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=124957"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/124957\/revisions"}],"predecessor-version":[{"id":124962,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/124957\/revisions\/124962"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=124957"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=124957"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=124957"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}