HAPPY NEW TRADING WEEK - a busy one at that with lots of big ticket News items. Add to that today is the final day of July and I start to think BURGLARS! Well, it works like this......EUR/USD has been refusing to break OUT of the range between 1.1640 and 1.1725 since it became embedded there, almost 3 weeks ago. I have been attempting to catch a Long breakout ever since and fortunately, haven't found the right circumstance to enter. Today, as we near the top of that range, I'm thinking break IN, should price find its way outside. Plan A for the day then, is to watch price hit Resistance around 1.1740 and trade it back to 1.1690 and 1.1650 in extension.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.