EURUSD has been churning for 2 months. The triangle consolidation will break. My bet (I'm short) is that it will beak down.
I'm not expecting a clean break, as we are nestling above 2015-2016 resistance-turned-support and the weekly 200MA. This might produce a choppy environment. However, once these supports give way, I would expect a swift move to the lower 1.03-1.07 area.
I'm short and have been playing the range for the last 2 months for pocket money. Payday in EURUSD soon.
Only a move above 2018 high would shift me neutral at this point.
I'm not expecting a clean break, as we are nestling above 2015-2016 resistance-turned-support and the weekly 200MA. This might produce a choppy environment. However, once these supports give way, I would expect a swift move to the lower 1.03-1.07 area.
I'm short and have been playing the range for the last 2 months for pocket money. Payday in EURUSD soon.
Only a move above 2018 high would shift me neutral at this point.