ClearTradingMind

Ranging Market; Buy15min

Long
FX:EURUSD   Euro / U.S. Dollar
The EUR/USD trend appears to be in a ranging market between its current support and resistance levels, as marked on the chart. Additionally, I have outlined a triangle shape formed by connecting the high and low points, indicating the potential for a significant move either upward or downward. I anticipate this movement to occur after the release of the US Non-farm Payrolls data. Consequently, I am planning to initiate a small long position with a take profit target of 25-30 pips.

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