FOREX PRICE ACTION | NAKED TRADING

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Eur/Usd

Eur/Usd continues the consolidation between 1.3250 and 1.3400. There are no real price action signals in the market and then the proper thing to do is to work patiently waiting to see what will happen in the next few hours/days. The 1.3250 area could give us some long signals. If the price were to forcefully violate this area then we could see a 100 pips drop until the next key level at 1.31/1.3150 area. In this area I will wait a bullish signal to go long on this market. I remain to observe what will happen tomorrow on the daily closing to figure out how to behave.

 

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