Kumowizard

EURUSD - range trading, top building?

FX:EURUSD   Euro / U.S. Dollar
335 0 1
I don't see any good risk reward trade here in EURUSD             . Charts are really mixed, with lot of questions. It is basically trading in a range, I can not even say confidently it is building a top, or bottoms. Daily chart indicators mixed. On 4 Hrs             , the ADX is too low, Slow Stoch turning up right now, but in a non trending environment this upturn doesn't really mean much. Ichimoku setup is still rather bullish . However EURUSD             can turn really bullish only if breaks above massively the 1,3810 resistence, while we can see a bearish reversal only in case break of 1,3680 - 1,3700. It is better not to touch it now, since risk-reward is not good in any direction. Thursday's ECB might give it a push somewhere.
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