EURUSD.Trapped in a Tiny Range. Getting ready for the Breakout.
EURUSD is trapped in a tiny rage between 1.1700-10 and 1.1745-50. Trend remains down as we can see clearly in the chart.
Today's announcement will lead outside these boundaries.
Upside Break will open the road for 1.1790-1800. A break below 1.1710 will eventually lead to 1.1660-65. The first touch of 1.1790-1800 could be used for Short term Sell positions. The opposite is true for 1.1660.
Next levels to watch are 1.1850 to the upside and 1.1600-10 to the downside.
We will update the idea with comments after the announcement...
Today's announcement will lead outside these boundaries.
Upside Break will open the road for 1.1790-1800. A break below 1.1710 will eventually lead to 1.1660-65. The first touch of 1.1790-1800 could be used for Short term Sell positions. The opposite is true for 1.1660.
Next levels to watch are 1.1850 to the upside and 1.1600-10 to the downside.
We will update the idea with comments after the announcement...