The holidays tends to bring rangebound behavior from currencies. Check out these levels to on the major comdoll pairs to watch for possible support/resistance type reversal plays if market drivers stay the same!
Significant Levels to Watch Out For
|Week Open (WO)||0.8926||1.0639||0.8210|
|Previous Week High (PWH)||0.8970||1.0738||0.8288|
|Previous Week Low (PWL)||0.8821||1.0571||0.8151|
|Top Weekly ATR (tWATR)||0.9021||1.0699||0.8302|
|Bottom Weekly ATR (bWATR)||0.8831||1.0580||0.8118|
|Other significant levels||0.8850, 0.9000||1.0600, 1.0700||0.8300, 0.8100|
In case you’re wondering what ATRs are all about and how I computed those figures, make sure you check out my entry explaining my trading strategies.
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