Volumetric analysis on August 10

 

EUR/USD

Single currency broke through support at 1.1540. After the breakdown, there were quite strong bursts of volume. Reaction to that volumes will determine further scenarios. If displayed volume leads to a drop, then we can expect H1-H4 time format impulse. In such case it would be reasonable to prioritise short trades on all TF from M5 to H4. On the other hand, upwards reaction to the placed volumes will indicate the relevance of level 1.1540 in the status of support. Upwards target is seen at 1.1785 with the priority to open long trades.

 


Do you want to practice and test the analyst's assumptions? Open a demo account in ARUM Capital!

If you are confident in your abilities and consider the risks, you can open a real account for trading.

Open a demo account   Open a real account

 

 


Care. The provided market analysis materials are a professional opinion of an associate of ARUM CAPITAL. These materials are provided for infomation purposes only. In no way can the provided analysis be considered as an action signal, neither is it any sort of investment advice (for the purposes of EU Directive 2004/39/EC). ARUM CAPITAL waives any liability for the trading results which may arise after using these reviews. These materials contain NO warranties or guarantees, either direct or implicit, on the precise, complete or confirmed character of the details they contain.

 

Thank you! Your request has been sent. Our team will contact you shortly.