On EURUSD, Price is in the middle of a range and has been for the past few of weeks. Now the ranges position is also of interest as it’s at the yearly highs and just past supply from 2015. So I believe that this range is price reforming that old supply from 2015 into new demand as price goes up to $1.2100 and higher. Price is in an uptrend and I believe we will see a breakout to the upside of this range in a continuation pattern. If price stays above the current range low 1.1660 then we will see a new demand zone form from 1.1780 down to 1.1660.
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To check out our full analysis check out our youtube page: www.youtube.com/user/apazones/featured