EURUSD: Trading Setup to Watch 🇪🇺🇺🇸

١٨ يناير ٢٠٢٣

EURUSD is consolidating after a strong bullish movement.
The pair is currently stuck within a horizontal trading range.

1.075 - 1.078 is its support.
1.0855 - 1.0875 is its resistance.

I believe that a bullish breakout of the resistance will trigger a bullish continuation.
Wait for a 4H candle close above that to confirm a breakout first.
Then buy on a retest, expecting a bullish movement to 1.092

Alternatively, a bearish breakout of the support of the range may trigger a bearish move.

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