Right now, the EURUSD is the last currency pair where I would look for a trade opportunity, just take a look at the next chart:
The EURUSD is trading in a not well defined range (not sure if it can even be called a range), no clear support & resistance levels, the Euro it’s being rejected at random levels, no clear direction in the LT charts, nor in the short term ones. So why would you trade the EURUSD? I see no reason, there are plenty of currency pairs where the market condition is way clearer.
Tags: EURUSD Analysis