EURUSD is in 50% breakout mode for both sides

EURUSD / 4H

Hello traders, welcome back to another market breakdown.

EURUSD has developped a trading range price action, which puts the chances 50/50% for both bulls and bears. However, the bears here seem to have a better argument:

1- Monthly close bellow the 7 years trading range which might attract more bears to target the measure move lower.
2- Daily trend line.
3- Test of previous monthly lows.

Trade safe,
Trader Leo.

Kommentera:

The daily bar didn't arrive to close inside back the range. So, the bulls are still in control so far

Handel aktiv:

The setup worked perfectly. Congrats for those who followed