I like the EURUSD for longs, but…

Last week I wrote about the EURUSD, I didn’t like the range it was trading in and decided to wait until it broke either, 1.2428 (for longs) or 1.2050 for shorts…

Yesterday it broke through the 1.2428 level, it even conformed and tested after the break out:

But, but but… there is always a “but” isn’t there?…

We’ve got the FOMC meeting minutes in a couple of hours… so I’ll wait and see how the market reacts to the announcement.

And when everything settles down, I’ll start looking for long opportunities.

Sounds like a good plan? What do you think?

Cheers,

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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 .