EUR/USD - Market Direction
Today we're taking a look at the future market direction of EUR/USD on a Daily chart. You can clearly see price has been trading within a sideways channel since early 2015 with no clear sign of a breakout anytime soon!
We are currently approaching a major level of support, once we reach the 1.05000 area I would be looking for buying opportunities on the lower timeframes and a clear indication of a price reversal.
We are currently approaching a major level of support, once we reach the 1.05000 area I would be looking for buying opportunities on the lower timeframes and a clear indication of a price reversal.
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