EURUSD
Looking at EURUSD as it is currently on the 4HR timeframe, no doubt we've been on a long paused of price continuing the uptrend that started on 14th Jul where we seeing price on a wide consolidation between 1.0097 - 1.0275. However, price can't range forever which has brought the report to us from our analysis that: we may continue to see further rise in price action breaking out of the range to hit our zone spotted around 1.0347 - 1.0407 as at the time of this analysis, then we have possibility of price falling drastically from the zone as we believe its a strong price level price action may choose to respond to in continuing the Downtrend we've been playing on the Daily Timeframe.
ADVICE FOR TRADERS
For Intraday traders looking for trades opportunity in the currently situation in the market, we'd strongly advice to wait on the spot of price reversal to a structure level looking down at either 1hr or 30mins to spot LONG position as price pushes to our strong reversal level.
Also, swing traders may wait on price getting to our strong reversal level to hold SHORT positions as price falls.
