EUR/USD: Sydeways Area . Waiting for an breakdown impulse SHORT

10 באוג׳ 2022

The Euro explained in the last forecast, that it's inside a Rectangle area, called " Range or Sideways " where the price is struggling to find a Break in Upside and downside direction. This kind of Area is also called accumulation, where the trades start to accumulate positions. The Volume in this period of the year is very low so probably we will have to wait before having an impulse of order to go over this area talked. Our Bias's always Bearish like talked about in the previous Ideas.