FX.co ★ ForexRich | EUR/USD


The euro/dollar pair is trading at 1.1870. Today, I expect the price to approach the range of 1.1800 - 1.1820 by the end of the trading day. Its bullish run is limited by the level of 1.1905 and, in theory, the price will not be allowed to close its candlestick above this level on the H4 chart.

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In general, the pair is currently moving in the area of 1.1870 - 1.1890, which was the most attractive zone for sales at the weekend. Today, the quotes are likely to decline. Therefore, I think that the best way to make a profit is to open short positions. However, an exit above 1.1905 will cancel the pair’s downward trend.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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