EURUSD: Major Support & Resistance Areas | Breakout Strategy

FX:EURUSD   Euro / U.S. Dollar
The EURUSD moves sideways last few weeks. That is the zone where buyers and sellers have not fully committed and are in indecision form. There are two major levels to consider – resistance at 1.2505 and support 1.2191

These are the area where the most orders are placed. This condition both suits for breakout and structure traders. The best approach here is to wait patiently how the EURUSD market develops. Note: There is EUR minimum bid rate and NFP announcement this week.

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