Anyone trading the EURUSD?
I guess the only traders doing something with the EURUSD are scalpers or short term traders (trading off the 1 minute and 5 minutes charts), because in the daily and 4H charts the EURUSD is trading all over the place, without clear direction.
Anyway, for the EURUSD I have a wide short term range from 1.3161 to 1.3383, as long as the euro keeps trading in between this range I’m not going to anything, if it breaks either side of the range, I will trade in the direction of the breakout.
Do you have a different view for the EURUSD? Feel free to comment