Here’s an easy peasy range play for ya! EUR/USD is a hair’s breadth away from the 1.0550 handle, an area which has been holding as support since March 2015. What makes the setup more interesting is that stochastic is flashing an oversold signal. Think the euro will see a bounce at the level? Or will the bears have enough momentum to barrel through the major support? Read up on trading ranges like these if you haven’t tried it yet! But if you’re one of them euro bears, then you might want to prepare for a possible downside break from this neat range.
eur usd by me.jpg
eur usd by me.jpg
(Discuss) EUR/USD - daily
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