EURUSD – Waiting for a breakout
The EURUSD is trading near a LT resistance level and right now its not clear whether it is going to continue its way up or retrace back to the previous support level:
I will use this short term range to determine which way to trade:
If the EURUSD breaks the upper green resisstance level I will look for long opportunities
If the Euro breaks the lower green support level, it will trigger a bearish market condition andn only short opportunities will be in play.
Trade Safe!
Raul Lopez
Forex Course