Yesterday EURUSD failed to break above previous high, showing us that price currently doesn't have enough strength to continue higher.
Now we have to see in which direction it will break out.
In case of a break above previous highs we would expect price testing the resistance up at 1,2000.
But if we see market below previous lows then we would expect price testing the 1,1800 level.
Right now, the best option is to wait before entering any new trades on this currency pair.
Don't forget that Powell will be holding a speech today!
Now we have to see in which direction it will break out.
In case of a break above previous highs we would expect price testing the resistance up at 1,2000.
But if we see market below previous lows then we would expect price testing the 1,1800 level.
Right now, the best option is to wait before entering any new trades on this currency pair.
Don't forget that Powell will be holding a speech today!
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