EURUSD Price Action – Approaching Range Support | Apr 8
EURUSD – Approaching Range Support (4hr chart)
Continuing its sell off from our sell setup at 1.1025/30, the Euro lost ground today post the FOMC minutes. The pair is approaching the ST range support so am anticipating some short covering here.
Bulls wanting to get long will look to this level as their first entry location. If this holds, then we should see an attack on 1.0875. If this fails, then the bids at 1.0630 will likely offer a stiffer test.
Bias still remains bearish MT.
Learn the one mistake in trading you don’t want to make, but probably are.
Want More? My private members get all my trade ideas & market commentary up to 3x per week. Click here to become a member.
Want to Learn Price Action Strategies for Trading Forex?
Sign Up for our Monthly Newsletter and Get our FREE E-Book