EURUSD: Indecision & Trading Plan

24 במרץ 2020

hey guys,

update for EURUSD!

I keep holding a long trade since my previous post last week,
however, if you haven't bought yet, I would not do that from current prices.
the pair is currently consolidating within an indecision horizontal range and from a current perspective, it is hard to say where it will go next.

the best thing you can do right now is to wait for a breakout of the range and trade the breakout: either bullish or bearish.

I still have a bullish bias due to the recent sequence of higher lows, but come on, the trend is still bearish.

be patient and let the market decide first!

good luck!