Whatever the case will be, I'll be looking to buy the EURUSD and if it turns again I'll let it go for now.
This is due to the fact that I expect at least another leg higher after this consolidation shown by means of the channel/ .
The main events for this range bound price action were both ECB and FED in terms of and rate hike. We already tested the 50% of this range which is a common retrace level for the EURUSD . Now I like to see a break out on the upside for a buy opportunity.