URUSD – Euro/dollar grinding sideways within larger trading range- EURUSD TRADE IDEA
ACCORDING TO EURUSD ANALYSIS, The EURUSD continues to move sideways and consolidated last week, basically EURUSD going nowhere. Price has been contained within a larger consolidation / trading range between 1.2540 resistance and support at 1.2140 for a couple months now. Prior to this trading range the EURUSD trend was bullish so we are still favoring the buy EURUSD side of this market on pull backs to support levels. We are watching the key support area between 1.2160 – 1.2140 this week to get long and ride the market back up to the higher side of the range near 1.2540 key resistance.
ACCORDING TO EURUSD ANALYSIS, The EURUSD continues to move sideways and consolidated last week, basically EURUSD going nowhere. Price has been contained within a larger consolidation / trading range between 1.2540 resistance and support at 1.2140 for a couple months now. Prior to this trading range the EURUSD trend was bullish so we are still favoring the buy EURUSD side of this market on pull backs to support levels. We are watching the key support area between 1.2160 – 1.2140 this week to get long and ride the market back up to the higher side of the range near 1.2540 key resistance.
