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:

EURUSD
EURUSD

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!

Raul Lopez
http://www.protradingnow.com/

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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 .