The EURAUD has now formed 2 Inside Bars (IB's) back to back on the daily chart. This price action is signalling that price is winding up and a breakout either way is getting closer. On this chart support and resistance comes in very close, and the best play may be to wait on the sidelines to …
Price Action Charts in Focus
EURUSD Breaks Very Big Round Number
The EURUSD has broken higher through the Very Big Round Number (VBRN) of 1.300. The VBRN's act as major psychological levels that price will often respect. In this pair price has been moving higher of late before stalling just under the 1.300 level. Now price has broken higher through this level …
EURNZD Engulfing Bar
The EURNZD moved higher during yesterdays sessions after producing a Bullish Engulfing Bar (BUEB). Price has been stuck in a range and this BUEB was formed at the low of the range which was also acting as support. After the high of the BUEB was taken out, price flew higher to now be sitting just …
