YGForex

Consolidation Phase for EURUSD!!! Near the Trend Resistance!!!

Short
FX:EURUSD   Euro / U.S. Dollar
As we can see EURUSD failed to breakthrough its trend resistance (Red Line) several times. Will not rush into entering this trade as if you look at the daily candle, moves towards bearish and bullish varies between days, consolidating it price near the resistance level. Finding the best entry price is crucial and I will be looking at a 1.1950-1.1970 entry level. We can also see EURUSD managed to form a lower head and what we are seeing now is a consolidation phase which I believe will form the third head. Share with me your opinions :)

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