FX_Rhapsody

EURUSD Breakdown Analysis

FX:EURUSD   Euro / U.S. Dollar
Looking at EURUSD, price closed in between 2 key support & resistance zones on the daily. Next week we will keep an eye on those 2 zones, it being the beginning of the month price might consolidate a couple of day before making a move out of those zones. COT report shows both long and short positions being added against the EUR but more longs than short positions. Be patient and wait for the break if you are a swing trader or trade the daily consolidation on the lower timeframes.
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