Direct from the desk of Dane Williams, This is not your average forex broker blog.

With EUR/USD trading in a structured manner, ranging between higher time frame support/resistance zones, our strategy should be fairly straightforward.

Click that link to find the higher time frame resistance zone we were watching and then zoom into an hourly chart.

The way that price steps down between higher time frame zones, retesting previous short term support as resistance is textbook.

The market once more gave us plenty of opportunities to get short and I'm proud of those that took the opportunity.

So what next?

EUR/USD Daily:

Well, price has now moved back down to this daily support zone.

We wait to see if the higher time frame zone holds and then look to buy intraday retests of short term resistance turned support.

If the higher time frame zone breaks, then we look to do the opposite and sell intraday retests of short term support turned resistance.

Don't make predictions, just trade what's presented to you.

Best of probabilities to you,

Dane.

Return from EUR/USD Daily Range Continues to Hold to forexbrokr's Web3 Blog