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EURUSD Future Direction Hinges on 1.0760
EURUSD remains locked in a 90-pip range that began with the May 24th selloff. Since then, buyers have defended 1.0670, and sellers have protected 1.0760. The EURUSD is trading at its range highs, so we’ll see if this range continues or if we get a breakout. In such conditions, looking for the breakout trade is human nature. Everyone wants to nail the next big move. However, a range is a range until it isn’t. That may seem obvious, but it will help keep you on the right side of the market. As traders, we must trade what’s on the chart rather than what we want to happen. And currently, EURUSD is still holding ... (full story)