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 EURUSD breaks the upper ST resistance level, it will trigger a bullish market condition and long opportunities will be in play.

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.

Trade Safe!

Raul Lopez
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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 .