EURUSD – Trading in a ST range
The EURUSD is trading in a short term range in between 1.3415 and 1.3285, near a long term support level. This means that we need to wait for the market to break either side of the range so that we can start looking for a trade opportunity. This is my ST range:
If the Euro breaks the lower ST support level, it will be trading in a bearish market condition, and short opportunities will be in play.