DollarsNSense

RANGE BOUND BUT HOPEFUL

OANDA:EURUSD   Euro / U.S. Dollar
Try though I might to entice EUR/USD back to 1.1800 and beyond, market forces (perhaps the dark side) keep denying the EURO as it continues to range between 1.1600 & 1.1700. By now you would think I'd be used to Sellers controlling the first half of the week because it's a recurring theme since 1.1500 was tested and rejected, on May 29th. Today, Support around 1.1680 has already been breached and Friday's rally has largely disappeared - BUT not quite! I'm going to stay on the Bulls back but with a firm grip. Instead of talking 1.1800 today however, I'll accept a brief journey to 1.1709, providing I can find a higher low on M30 or better. As we approach the UK starter's gun price isn't exactly agreeing. Of course that may serve me well, as a better price may be on offer. At this stage, I can't really see where that is but 1.1680 is the key level for me. Should it remain a broken level, I may still be waiting for that bargain entry price tomorrow! Perhaps I need a plan B?
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