EURUSD: Your Trading Plan For Next Week

Hey traders,

It turned out that EURUSD started to consolidate and trade in a sideways market.

The price is trading on a strong daily structure and stuck in a narrow horizontal trading range.

Now the future direction of the market will be determined by a breakout:

• In case of a bullish breakout, I will expect a continuation to 1.204 level
  
• In case of a bearish breakout, the price will most likely drop to 1.189
  

I am bearish biased and have an active short position.
But if you don't have any active position, it is better to wait right now.

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تعليق:

Check my new idea on CADCHF: