EURUSD traded in a parallel trend range with strong resistance at 1.1615, we have ECB and Bid rate tomorrow expecting a good volatility. There are two scenario at current position, expecting it will break 1.1620 resistance and complete structure towards 1.1800/1.1900 but for that it should trade above on 1.1320, as current scenario it shows bounce back towards retest his support around 1.1480/1.1420 . Until it hold around 1.1320 low , pair should still continue higher.We don't like selling here. for long will wait for good entry
It's suggestion for Short traders of EUR/USD, go for Sell short term trading opportunity or use stop loss around 1.1640.