chart shows a bounce off a range bottom.
EUR/USD Bounces Off Range Top
If you remember our last blog featuring the pair, we were watching the EUR/USD previous range top holding as support and looking for a possible opportunity to manage our risk around this particular higher time frame level. This is an extract from that post: “As it is the previous range top, it is a massively significant, higher time frame support level. If it does in fact hold here, then any short term pullbacks could be bought with increased confidence. Now we play the waiting game to see if the level holds and it can be traded!” Well we waited, and we were subsequently rewarded for our patience! Click the link ... (full story)