A lot of questions about EURUSD. Even though the price set a new high this week, a very strong bearish reaction followed.
However, analyzing a price action I want you to realize that technically speaking EURUSD is trading in a minor bullish trend. With a sequence of higher highs and higher lows, I believe that the price may go higher.
Our potential reversal zone will be based on the range between current price levels and the last higher low level. Within that zone look for a confirmation to buy the market. Your initial goal will be current high.
If you want to short, let the price break the last higher low level to the downside first. That will be your trigger to short.
Let me know what do you expect from EURUSD!
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