DailyOptionTrader

EURUSD low risk trading opportunity

FX:EURUSD   Euro Fx/U.S. Dollar
179 1 1
There was no much movement in this market since the last update. EURUSD             keeps to consolidate around the current levels.
The pair created a clear triangle and it’s ready for a move. As the downtrend is intact, short positions are recommended.
The break below 1.2410 would suggest more downside towards the nearest support at 1.2360.
There is a possibility that the market will take a swing to the upside and find a bid.
Resistance to target would be 1.2650. Both trade setups present low risk opportunity.
As expected EURUSD is testing upper border. Expect breakout.
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