$EURUSD: Maybe some Day Trading Action

As I look at the recent movement on the $EURUSD we seem to be sandwiched between support & resistance. I still won't be convinced of any continued bullish action until we break and close above $1.1718's so for now I'll be looking for day trading opportunities to take advantage of our current consolidation.

As a trader I have no bias or care for whether the market goes up or down, I just want to be involved when it does. So as we open our live trading rooms today I'll be looking for selling opportunities at resistance and buying opportunities if we retrace back down to previous structure support.

It may look small on our price charts, but a range of over 250pips exists between the two levels of structure giving us plenty of opportunities for potential profits.

Akil Stokes
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered.com -The Premier Online Trading Education Company
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Trade active:

Long @ 1.1506

Trade closed: stop reached