EURUSD – Trying to Base, Resistance Ahead (1hr chart)
Although there has been some decent selling below ST resistance around 1.1384, the pair hasn’t maintained any bearish pressure, with the price action trotting around 1.1275 – 1.1384.
Intra-day resistance is ahead at the latter level, but a break here will test offers in the next resistance zone around 1.1545 – 1.1450. If this level holds, then we’ll likely see another attack lower. But a daily close above here means the pair is attempting to base.
Also in our members trade setups commentary today, we cover the USDCAD, GBPUSD, USDJPY, AUDUSD, NZDUSD & EURGBP. Click here to become a member.
Read my latest article A Trading Mindset: Books to Give …... Keep reading