EURUSD: Finally out of the range, longs in play

The EURUSD traded for nearly 2 months in an undefined trading range, where it was almost impossible to trade, or at least, I find hard to trade during those market conditions. But now, it broke the top of the range, please take a look at the next chart:

EURUSD
EURUSD

I see the EURUSD tradable again, after nearly 2 months…

My trading plan:

Will look for long opportunities, the next resistance level is around 1.4654.

All short trades will be ignored.

Good luck!

Raul Lopez

Euro analysis, EURUSD Analysis


Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .