EURUSD is struggling to find its way

EURUSD - H1 chart

Yesterday eur/usd made a strong upward movement. It stopped on 1.2450 resistance, and now is preparing for the next move within 1.2350 - 1.2390 consolidation range. If it breaks 1.2370 and 1.2390, the further way up to 1.2450 shall be opened. Although it's still in bearish mood, upcoming hours will determine if it follows the scenario. If so, the targets are set on 1.2420 and 1.2450. Then it'll meet the downtrend line which may hold it for a while, but you can expect the rise even up to 1.2485 if the pace is powerful. You should observe the situation and consider opening long above 1.2370. The other option is that upocomming hours extend the decline - than prepare to set long around 1.2320 level.

EURUSD - H1 chart

Trade recommendation

Buy above 1.2390  Buy around 1.2320   Target levels: T1: 1.2420 T2: 1.2450 Latest bonus opportunities, free money to increase your profits Forex No Deposit Bonus Best Forex contests, fight for real $$$ Forex Contests Let the professionals take care for your money Forex Managed Accounts Current support levels 1.2365 1.2320 1.2300 Current resistance levels 1.2390 1.2420 1.2450