Extremely tricky situation in EURUSD ahead of the main event of this Spring. Short-term outlook is very mixed - we have a possible H&S Pattern pointing to the upside, we have a possible triangle which could break in either directon, we have a strong trendline resistance 40 pips above current price levels and on top of that, we have a bearish trend that has lasted for almost 1 year.
I'd say, the safest play today is to stay away from that pair.
I'd say, the safest play today is to stay away from that pair.