EURUSD is trading in a long-term bearish trend. However, the pair was consolidating this week. The price formed a wide intraday horizontal trading range.
To catch a trend-following move, wait for a bearish breakout of the support of the range. A bearish continuation will be expected then at least to 0.98
Remember, that the range can be broken to the upside as well. It will push the market to the resistance of a major channel.
Be patient and wait for a breakout!
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