EURUSD: Consolidation & Indecision 🇪🇺🇺🇸

9 thg 6, 2022

Hey traders,
EURUSD is stuck between two structures forming a horizontal trading range.
To identify a future direction of the market I would suggest waiting for a breakout.

Bullish violation of the resistance of the range will trigger a bullish continuation to 1.0936 resistance.
Bearish breakout of its support will push the market lower to 1.0462 support.

To confirm a breakout we need a daily candle close below/above the structure.

What do you expect?

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10 thg 6, 2022

Ghi chú

Check my new analysis on AUDUSD: