EUR/USD trading between the ranges, let’s wait for the Breakout ?

EUR/USD Analysis : 

EUR/USD is moving in an uptrend without much retracements.

After the Breakout of the price level 1.1000, market still don’t Re-test the Previous Breakout level.

Now the market is trading between the ranges in H1 Chart by forming Higher highs and Higher lows.

Let’s wait for the confirmation of Breakout from this range to catch Good profits on EUR/USD.

Why Re-testing the Breakout Level is more important ?

If market re-test the previous Breakout level and starts to bounce back, then we can expect big and sharp movements from that Breakout level.

Example of Re-testing the Breakout Level : 

GBP/NZD breakout the bottom level of uptrend, then it Re-test the Previous Breakout level once again and then starts to move down more.

This shows that Re-testing the Previous Breakout level is more important for catching big movements with low risk in the market.

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Regards,
Forexgdp Team.

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