The EURUSD its been trading in a medium term range in between 1.4508 and 1.4316. Apparently it is being rejected from the support level at 1.4316:
EURUSD
We need further confirmation though to start looking for opportunities, because right now it is trading near the short term resistance level.
My Plan:
If the EURUSD breaks 1.4387 for the upside I will be looking for long trade opportunities
If the Euro breaks 1.4335 for the downside I’ll be looking for short trade opportunities.
Trade Safe
Raul Lopez
Tags: Euro, Euro analysis, EURUSD Analysis, Forex majors