Hello Traders! In my previous analysis, I mentioned about SELLING THE RALLIES. Since then, the price has dropped more than 100 pips.
However, the movement in EURUSD has been VERY SLOW since the last few months.
EURUSD is still trading in a BEARISH CHANNEL and the best approach to trade this pair is to :
1) BUY at the BOTTOM of the CHANNEL around 1.1040-1.0160 with SL below 1.1011. TP at 1.1250
2) SELL at the TOP of the CHANNEL at 1.1260-1.1280 with SL above 1.1325. TP at 1.1080
However, the movement in EURUSD has been VERY SLOW since the last few months.
EURUSD is still trading in a BEARISH CHANNEL and the best approach to trade this pair is to :
1) BUY at the BOTTOM of the CHANNEL around 1.1040-1.0160 with SL below 1.1011. TP at 1.1250
2) SELL at the TOP of the CHANNEL at 1.1260-1.1280 with SL above 1.1325. TP at 1.1080