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FX.co ★ EUR/USD: price stays within the December range

EUR/USD: price stays within the December range

EUR/USD: price stays within the December range

EUR/USD opened surprisingly calm this year. In previous years, it traded within a narrow range during Christmas and the first working days of the New Year, but now it was in a wide range, consolidating under the highs. This means that a breakout is brewing around the top of the range.

In terms of the European and US markets, they remain closed during the New Year and just started trading normally today. Thus, it is unlikely that there will be strong movements, so investors need to be careful when entering the market.

See also: Start Forex trading with a European level broker!

A good trading idea today is to sell above the current highs of December. If this do not succeed, try again in 60-80 pips. Remember not to risk more than 1% of the deal. Good luck!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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