I trade EURUSD extensively and the break of 1.12500 level this month positions me well to plot my levels and consolidation areas. I’m expecting a longer term neutral bias now we are at this level between 1.1100 and 1.1400 with a possible stretch to 1.1500 for the summer months.
This pitches us squarely at Pre-Covid levels in Quarter 1 and we can now establish trade set ups with more confidence.
Hedge shorts will be in place to cover the 1.0950 areas and long plays targeting 1.1350 to 1.1400 areas. Hopefully for the next couple of months I can continue to pick off 60 to 120 pip range trades.
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