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ForexTrendline
Dec 6, 2021 5:34 AM

Consolidation on EURUSD Long

EURO / U.S. DOLLARICE

Description

EURUSD has been trading sideways and without a clear direction since last week.
Moments like this doesn't give us any decent opportunities and if you're looking for high probability trades, it is much better to wait for a breakout.

Meanwhile, we have to see what is the more likely direction for price.

In case of a breakout of 1,1335 we will expect to see the market up at 1,1440. As of right now, we don't yet have a confirmation so this setup is very risky.
We will be watching out for a breakout and retest.
Comments
kimstandgraph
Great chart
JoeChampion
Maybe
KlejdiCuni
Thank you for sharing!
AlkalineFX
I see this also!
TopTradingSignals
Your charting skill is unmatched!
ForexTrendline
@TopTradingSignals, thanks a lot!
UnknownUnicorn32206912
Thank you
ForexTrendline
@HarrisonFrank1, you're welcome!
MadWhale
nice one
thx bro
🌹✔
ForexTrendline
@MadWhale, cheers!
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