EURUSD ANALYSIS REPORT

EURUSD immediately dropped as soon as the open of the market on Sunday evening. Currently the pairs gives no clear signal for retail traders to get involve in a BUY or SELL order at the moment which means we may see complications in the price action movement for a while before getting the actual trend for traders to take advantage of. In this report, I have spotted some price Break Point for traders for traders to look out for a trade.

SHORT STRENGTH
A break below price 1.0483 may server as a break point for sellers to take over the market on a long run, speculative traders should note the price point and look for SHORT trades opportunities after a break is obviously seen from the price point. A confluence for short strength at that price point is the most recently formed level of support which pushed market to the upside, a break and retest from the level may cause price to push lower.

LONG STRENGTH
For traders to find LONG trades opportunity, there should be a look out for a counter trend structure break at price 1.0557. Note that this price point may act as a level of resistance for price to push back to the downside, a false break out should be carefully examined.

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