EURUSD: Update - Another Test of The Top of The Range

This is the third update that I am making on EURUSD.
Since the beginning of December, EURUSD is moving within a trading range between 1.1235 - 1.1360.

The price tried to break higher but it found resistance close to 1.1385 which corresponds with the highest peak of the range.
After the price pulled back again close to a minor structure at 1.1281 we can see a bullish price reaction.

If the price is going to break out beyond 1.1385, we can see it move higher up to 1.1440 and 1.1500

Thank you and Good Luck!

Previous analysis:

Yorum:

Yorum:

So far so good