Euro Dollar Squeeze

Good day Dynamic Traders,

The Euro Dollar is doing some consolidating or smaller moves before it decides it wants to break into a trend. The price has arrived at the support level mentioned on the last post of this pair. Price has touched this area several times in the past therefore making it a strong support/resistance area. Coupled with this we have an indecision candle for today at the time of writing this post and also proximity to the figure. Time to get prepared to act based on the direction that will be provided by the market.

Tomorrow is a day filled with news items so trade with caution. Good Friday and Easter Monday may mean that the markets are relatively quiet, if this is the case my next post will be Monday. Have a fantastic long weekend.














Good Trading!
Bijal Shah