EURUSD Trade Idea

EU is currently in a range bound condition after an extended uptrend move. Yesterday, market rejected 1.2250 resistance impulsively but failed to push further lower, which was a sign of sellers' weakness and buyers strength as they find value at the current price. Will be focusing on short-term long opportunities if price breaks above 1.2250 & 1.2270 for potential break & re-test setup with 1.23 - 1.24 as target. However, if price again rejects the 1.2250 resistance zone, a potential double top setup could be taken back to 1.2170 support zone. Avoid any breakout setups unless both resistance zones are clearly violated.

Trade safe.

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