Have you been trading the EURUSD lately? I haven’t, but I think it’s about to give us good opportunities, at least on the short term charts. This is what I got on my hourly chart:

I’m still waiting for a confirmation of the support level, and if I get it, I’ll start looking for trade opportunities on both extremes of the range.

The other scenario is to wait for the EURUSD to break the top of the range. This will trigger a bullish market condition and I’ll be looking for long opportunities.

What do you think?

Good trading!

Raul Lopez
Forex Coaching