{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eurusd-still-in-a-range-bound-market\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eurusd-still-in-a-range-bound-market\/","headline":"EURUSD \u2013 Still In A Range-bound Market","name":"EURUSD \u2013 Still In A Range-bound Market","description":"EURUSD is in a sideway and the beginning of uptrend is expected.Patience is required in trading the consolidation.EURUSD Weekly Price Analysis – April 30A breakout at the upper resistance level at $1.276 or a breakdown at the lower support level at $1.133 followed by a retest may occur.EURUSD MarketKey Levels:Resistance levels: $1.276, $1.300, $1.333Support levels:\u00a0 […]","datePublished":"2021-04-30","dateModified":"2021-04-30","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/04\/EU-LNT.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/04\/EU-LNT.png","height":568,"width":1073},"url":"https:\/\/forexschoolonline.com\/eurusd-still-in-a-range-bound-market\/","about":["FX Technical Analysis","Trade Idea","Trade Setups"],"wordCount":374,"keywords":["EURO\/US DOLLAR","EURUSD","Technical Analysis"],"articleBody":"EURUSD is in a sideway and the beginning of uptrend is expected.Patience is required in trading the consolidation.EURUSD Weekly Price Analysis – April 30A breakout at the upper resistance level at $1.276 or a breakdown at the lower support level at $1.133 followed by a retest may occur.EURUSD MarketKey Levels:Resistance levels: $1.276, $1.300, $1.333Support levels:\u00a0 \u00a0 \u00a0 $1.150, $1.130, $1.110EURUSD Long-term Trend: RangingIn its long-term outlook, EURUSD is in a range-bound market. The bear’s increased momentum dropped the price down to $1.208 in the support area, with its wick touching the EMA-9 during the session yesterday.Today\u2019s daily chart opening candle at $1.211 in the support area was bearish as the bears remained dominant in the market. EURUSD dropped further to $1.208 in the support area within the range. Price revolves around the two EMAs and the signal of the stochastic oscillator pointing sideways at level 95% in the overbought region is an indication that the price of the currency pair is in a range-bound zone, and may remain in the direction in the days ahead. EURUSD is ranging and trading between $1.276 in the upper resistance area and at $1.133 in the support area of the range. Patience coupled with a retest is needed before a position is taken.EURUSD Medium-term Trend: RangingOn the 4-hour chart, the market is in a consolidation. The bulls increased momentum pushed the price to $1.212 in the resistance area as the market opens yesterday.The EURUSD pair dropped to $1.211 in the support area before the end of yesterday’s session as the pair returned back within the range. Today\u2019s 4-hour opening doji candle at $1.209 was bullish as the bulls remained dominant in the market. EURUSD is initially up at $1.209 in the resistance area. Price is below the EMA-9 and the signal of the stochastic oscillator points down at around level 59% in the overbought region an indication of downward momentum within the range in the medium-term. The EURUSD pair is ranging and trading between $1.223 in the upper resistance area and at $1.133 in the lower support area of the range. Patience is required before a position is taken. Note: Forexschoolonline.com is not a financial advisor. Do your research beforeinvesting your funds in any financial asset or presented product or event. Weare not responsible for your investing results."}