EURUSD: Bearish market condition
Last Wednesday I wrote about the EURUSD, it was in a bullish market condition, and it moved up, and reached the LT resistance level. Earlier today the EURUSD traded in a short term range and it is about to break the short term support level around 1.2075:
I would like to see the EURUSD trading below 1.2075 to start looking for short opportunities.
Its late though, and its Friday, the market is already out of steam. I think the best thing to do is to wait for Monday.
Have a good weekend!