🔸Hello traders, let's review the 1hour chart for EURUSD today. Recently price was locked
inside accumulation/distribution trading range and therefore I recommend to focus on
buying low and selling high / details see chart.
🔸Trading range is defined by range highs at 0600 and range lows at 0490, premium
prices overhead at 0620/0640/0655 and below at 0470/0455/0440. Outlook remains
neutral as I expect price to trade locked in range to absorb recent losses in EURUSD.
🔸Recommended strategy for EURUSD traders: wait for price to trigger premium prices
below range lows or above range highs and buy low / sell high from support/resistance
levels marked up on the chart. TP1 +75 pips TP2 +150 pips SL bulls/bears fixed at 30 pips.
good luck traders!
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