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Arun_000

EURUSD - LOOK FOR VOLUME & PRICE ACTION AT RESISTANCE

Euro / U.S. Dollar (FX:EURUSD)  
Arun_000 Updated   
FX:EURUSD   Euro / U.S. Dollar
Support and Resistance Trend Lines Volume Forex currency EURUSD intraday VSA 15min
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supportandresistance trendline volumestudies forex currency eurusd intraday vsa 15min
EURUSD

(FOR LEARNING PURPOSE ONLY)

  • Clearly we can see expanding volume whenever the price moves up & declining volume on down move
  • But in most recent up move (inside channel),price increasing on declining volume
  • Considering the volume pattern,the resistance zone becomes crucial .

  • If price holds on to the resistance and moves down,if volume confirms,price might fall to next support

  • If price breaks the resistance on volume confirmation,bullish trend may continue strongly for next few sessions
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