Right now EURUSD is being traded about levels of 1.1150/80, and it is clearly consolidating and waiting for a strong signal either Bullish towards the previous high formed by the breakout of the previous bullish flag/pennant at 1.1342 and break it to form a new high around the levels of 1.1450/60 which are the previous highs of September, 2015 . Bearish towards levels of 1.050/30 to break the upward trend that has started on December 3rd, 2015 and still going on.
- If price breaks the 1.1342 resistance . . . Read More