EUR/USD has been traded from high 1.3415 to low 1.3325 and closed at 1.3393 yesterday. Pair trades from high 1.3410 to low 1.3384 in European season today.
4H chart shows first signs of losing the steam, overbought. Pair is trading below the 61.8% Fibonacci retracement at 1.3342. Close below this level would trigger sell trend.
Wait of today’s close for clear direction, if could close above 1.3400 level, or probably the consolidation is over?!
Placed sell order is still open at 1.3328.
Please, write some comment for direction of pair this week.
Have a nice trading day