Good morning traders,
Yesterday's price action on EURUSD went in a tight range of ascending channel. In general, I expect from Friday several attempts to post new local hights (1.309-1.312) with possible strong decline after its rejection.
Today I started with opening buy position from 65 (during the test of marked red line on the chart below) and closed this trade recently at 92, as resistance line (on the 2nd chart) was touched.
The price has moved just 1 pip higher from yesterday max of 96. Modest sell positions from this area back to 88-84 are possible. If we see a clear break above 1.3100 round number, EURUSD is likely to climb up to 1.3130.
I'll try to keep this thread updated during the day.
Have a safe trading!