Hello Price Action Traders.
Eur/Usd is consolidating around 1.2750 and 1.2880, forming a trading range that might lead to some price action trading signal. I will remain flat tomorrow looking for the daily close and try to find out a clear price action setup. The area that you see in the chart between 1.2880 and 1.2950 is the key resistance where I will wait for one of my favorite trading signals. The key support at 1.2650 has not been touched yet and if you looking the short-term trend that is clearly short, it’s better looking for selling opportunities on the “hot” resistance areas.
It’s all for today!
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