EUR/USD is on a strong uptrend since 1.17 and current price is just under 1.20 level.
However, things have slowed down a bit and the daily ranges are getting smaller.
Currently, price is in a resistance level. We got a bearish candle at the resistance followed
by a bullish candle. So, no trade signal can be deduced from this price action.
The best approach is to wait for a either a bearish candle to take sell entries or a bullish
candle that breaks through the resistance. I will be providing updates throughout the week
to help you make informed trading decisions.
However, things have slowed down a bit and the daily ranges are getting smaller.
Currently, price is in a resistance level. We got a bearish candle at the resistance followed
by a bullish candle. So, no trade signal can be deduced from this price action.
The best approach is to wait for a either a bearish candle to take sell entries or a bullish
candle that breaks through the resistance. I will be providing updates throughout the week
to help you make informed trading decisions.