EURUSD: Trading near a long term level, waiting for breakout

Hope you all had a great and relaxed weekend because I think we could see pretty interesting moves this week.

The EURUSD is trading near a long term support level, 1.4517 and it has created a short term range in between 1.4540 and 1.4488:

EURUSD
EURUSD

We need a further confirmation in order to start looking for a trade opportunity.

My Trading Plan:

If the EURUSD breaks 1.4540 for the upside, I will be looking for long trade opportunities.

If the EURUSD breaks 1.4488 for the downside I’ll be looking for short trade opportunities.

I will do nothing it the Euro keeps trading in between the short term range.

Trade Safe!
Raul Lopez

Euro, Euro analysis, EURUSD Analysis, Forex majors


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 .