Hello traders, welcome back to another market breakdown.
EURUSD has developped a trading range price action, which puts the chances 50/50% for both bulls and bears. However, the bears here seem to have a better argument:
1- Monthly close bellow the 7 years trading range which might attract more bears to target the measure move lower. 2- Daily trend line. 3- Test of previous monthly lows.
Trade safe, Trader Leo.
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The daily bar didn't arrive to close inside back the range. So, the bulls are still in control so far
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The setup worked perfectly. Congrats for those who followed