Long term sideways movement. Short near the Resistance.

Euro / Romanian Leu (FOREXCOM:EURRON)

FOREXCOM:EURRON Euro / Romanian Leu

trendanalysis harmonicpatterns chartpattern eurron eur ron euro romanianleu leu forex currencies currency

EURRON is on a very long term 1D Rectangle pattern (RSI = 48.105, STOCH = 47.119, Williams = -47.804, CCI = -46.8286, Highs/Lows = 000, all neutral) at 4.6135 - 4.6800, trading sideways since mid-November 2017. You can work withing its Support/ Resistance levels (buy low, sell high) as long as they are not crossed. The next technical TP = 4.6303.

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