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

EURUSD Analysis


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 .