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

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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 .