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EURUSD – Stuck in a Short Term Range
For the last 5+ days, the Euro has been stuck in a short term range, between 1.3845 and 1.3920. The pair formed a with trend pin bar signal, and a false break 2x to the upside. For now, play the range, with a greater bias towards the uptrend. Watch for a daily close outside of this range for the next direction.
It should be noted, being so close to the ‘big figure’ at 1.4000 means bulls are less likely to get aggressive here, barring a new risk event.
GBPUSD – Pin Bar Off Range Support
We’ve been talking about playing the range support back on the March 5th commentary, which some members …