Hello my beauties.
EUR/USD has been range-bound for over half a year. You can see the support and resistance in red. For those of you who like trading ranges, this is an opportunity.
I believe that after it exceeded its lower support, euro could break out of the range. On top of that, it generated an over-extended double bottom (currently retesting neckline, 0.5 fibonacci).
I will be looking into longing if I see a nice reaction from the area in green.
If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair.
Consider supporting me if you think I am providing you with value.
Peace.
Luca, TrickleDownFX
EUR/USD has been range-bound for over half a year. You can see the support and resistance in red. For those of you who like trading ranges, this is an opportunity.
I believe that after it exceeded its lower support, euro could break out of the range. On top of that, it generated an over-extended double bottom (currently retesting neckline, 0.5 fibonacci).
I will be looking into longing if I see a nice reaction from the area in green.
If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair.
Consider supporting me if you think I am providing you with value.
Peace.
Luca, TrickleDownFX
