EUR/USD Waiting - 10/10/2017
The Euro continued growing up on Monday, but the move was very smooth and wasn’t supported by significant volume, so that we are unable to point out any new volume levels or zones for this currency pair. The only relevant level is the support 1.1680-1.1699. Moreover, the price is locked in the consolidation, where large volume is accumulated. That’s why we need to wait for a sure exit of the price from this range in order to be able to consider new scenarios. While the pair is trading in the consolidation, we should stay out of the market.
The bottom line: waiting for the exit of the price from the range.
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