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EURUSD – Corrective Phase, Range in Play | May 21
EURUSD – Corrective Phase On Range Lows (4hr chart)
Posting another day of meek bounces, the Euro is in a corrective phase on the range lows. I’m suspecting the 1.1270/88 resistance level should hold on a pullback so am looking to get short.
This will be my first pullback level while the 1.1430/50 would be my second level to get short. Only a daily close above the latter negates my range bias ST.
Closing below the range support puts 1.10 under attack.
Read my latest article about Trading Support & Resistance
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