FOREX NEWS | PRICE ACTION ON EUR/USD

Hello Naked Traders.

Eur/Usd

After reporting here on the blog the possible short trade on the pair off a price action signal in the key resistance area, price closes above 1.2960 area. This marketĀ  could start bouncing from here or start a new decline toward 1.2820 area. Given the close correlation with other markets i think we could see a new bearish move than a bullish one. Besides, there are no price action signals, so you might wait for a clear price action signal that will show us how to operate in this market.

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