FOREXEL

EURUSD - The correction will set the roof for coming range trade

FX:EURUSD   Euro Fx/U.S. Dollar
205 1 5
The ongoing Euro             correction - which is the only real correction we have seen since the sell-off began last year still have a lot of room to correct higher. Current price action is really important for coming months ahead.

The trend is still down so thats why I wil stay on the Bear side for now. I expect this pair to range more in the near future. The trade levels I plotted may not be enough as the range develops but it is good for now in the immediate future.
Full target
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