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EURUSD Trading Plan: Wait for a Good Level before Buy/Sell

Euro / U.S. Dollar (FX:EURUSD)  
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FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Technical Indicators Beyond Technical Analysis EURUSD eurusdprediction eurusdsignal eurusdshort eurusdlong eurusdanalysis
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The daily range in EURUSD has become so small that trading EURUSD is very difficult. Hence, the best way to trade this pair is wait for a good level before BUYING/SELLING.

EURUSD is still trading in a BEARISH CHANNEL. So the logical approach to trade this pair is to :

1) BUY at the BOTTOM of the CHANNEL around 1.1040-1.0160 with SL below 1.1011. TP at 1.1250
2) SELL at the TOP of the CHANNEL at 1.1260-1.1280 with SL above 1.1325. TP at 1.1080
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