ECB failed to deliver a new life for Euro, 1.1400 proved a strong resistance, profit taking beat Euro at 1.1400 and fell aggressively in 1 hour to current level 1.1300 Now we see E/U sideways in a range between :1.1400-1.1230 Only a break either two levels will provide a clear trend to trade. The high resilience of Euro created a tough case for traders, we don't know how to trade Euro currently. We need a clear signal; both ECB and FED don't give clear path for Euro as well as Dollar. No more easing and rate hike. How to deal with it ? The only solution I suggest is wait. We should be patient until a breakout occurs.
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