EURUSD Trade Idea

٢٢ ديسمبر ٢٠٢٠

As per yesterday's forecast, I expected EU to have some pullback towards 1.2170 support zone before the continuation. When the market is having such a huge consolidation/ correction, we need to see a clear breakout to have a sensible place to measure our risk-to-reward. Today will be mainly focusing on the long opportunities ONLY if price breaks through 1.2270 resistance, if it fails again, will be having potential range bound setup between 1.2070 - 1.2270 till a clear breakout occurs.

Trade safe.