EURUSD: Double Trading Range

Since the beginning of December, EURUSD is moving within a trading range between 1.1235 - 1.1360.

Within the larger trading range, the price is moving within another small trading range between 1.1290 - 1.1340.

So in the lower time frame, the price may continue to move within 1.1290 - 1.1340.

If the price is going to fall below 1.1290, we can see it move lower up to 1.1235.

If the price is going to break out beyond 1.1340, we can see it move higher up to 1.1360, and after that, it can increase the chances for a higher rise up to 1.1440 and 1.1500

Despite the price can move lower, I am only focused on the BULLISH side of the market for a BUY opportunity.

Thank you and Good Luck!