lukelehepuu

EURUSD NO MANS LAND

FX:EURUSD   Euro Fx/U.S. Dollar
166 0 8
I am currently looking at EURUSD             and see we are currently in no mans land. I can see two potential options to play a move here. Point 1 is that we could bounce from the yellow trend line we are currently at, find resistance around 1.1134 - 1.1216. If we break past this resistance then you can take a long position to 1.1525.

Alternatively you can look to Point 2. If we break below this yellow trend line we can look to short down to 1.0849 - 1.0800. Either option is up to you, keep in mind about the FED trying to talk the market into a rate hike.
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