The EURUSD seems to be stuck in a range, my long trade has been switching from negative to positive pips, with any major change. The dailies show a possible reversal, but it seems no one is ready to commit funds to a weak USD scenario. With the fed still singing QE songs, the USD is expected to continue its gain. The four hour EURUSD chart looks good for a buy, if the bullish move does not happen before market close, then i expect the bearish trend to resume. Its commonly believed that the EURUSD is one of the most traded currency pairs...Right now, it looks pretty STUCK!!..
lets see how things go....
lets see how things go....