Good morning everyone,
Eurusd is still trapped within consolidation. I do expect eurusd to retrace higher to test 1.3200. However, looking at the chart, it is quite unlikely as eurusd is strongly resisted at 1.2790 regions right now. Only in breaking this resistance level that we will see eurusd climb higher.
It is good to pick short around 1.2760 - 1.2780 with SL around 40 pips. Target exit is around 1.2650. Breaking lower will bring us to next support level at 1.2580.
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