EUR/USD remains trading in the consolidation between two strong volume levels. The first one is the support 1.1680 - 1.1699, the second is the resistance 1.1870. Also we need to point out the presence of strong and large volume accumulation in this range, so we can consider that big players are gaining positions. Given this fact the best scenario will be just to wait for the exit of the price from the consolidation. The move should be sharp and supported by increased/large volume. While the pair continues trading in the range, we should stay out of the market.
The bottom line: waiting for the price to come out from the range.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.