Today’s trading session started with multidirectional moves seen in the market of the common European currency. M15-H4 charts indicate that the bias of EURUSD is bearish.
Moreover, on the Daily chart of EURUSD, we can see the Support/Resistance Line of the AO_Zotik indicator is heading towards the red zone.
The chart below, courtesy of the SRP Department of , reflects the current state of affairs in the market of EURUSD (M15). The intraday outlook is uncertain. Therefore, conservative traders are recommended to abstain from trading during the European trading session. Risky traders can enter against the current mid-term trend in order to make some money on the current retracement move. However, it is rather risky. Stop-loss orders are obligatory.
Татьяна Каширская, аналитик отдела "Форекс, курс евро", трейдер кафедры СРП Академии трейдинга Masterforex-V
