EURUSD may be setting up for a big move.

14 thg 7, 2019

Price action has exhibited signs of indecision in the past two weeks due to the markets trying to price the highly likely upcoming interest rate cut. EURUSD had pushed up to make new 3 month highs around 1.1400 where i consolidated for a few days before heading south. The pair then found support around 1.1200 and has pushed up slightly since. I am currently waiting to see if price action finds resistance around 1.1300-1.13400 before further selling or pushes strongly to 1.400 and goes on to make new highs. At the moment price action is showing signs of indecision so this setup may require a bit of extra patience.