EURUSD – Still ranging, trading plan
I’ve been getting emails about when I was going to start trading the EURUSD (the EURUSD is probably the currency pair most traded from them all). I think the Euro isn’t ready yet, it is still trading in a medium term range:
Even when a currency pair is not tradable, I always recommend creating a trading plan for it: What the market (the EURUSD in this case) has to do, to make you feel more confident about trading it.
For the chart above, I’ll definitely feel more confident when the EURUSD breaks either side of the range, and of course, I’ll look for trade opportunities in the same direction.