#EURUSD Range Breakout

The Euro was ranging between a roughly 120 pip parallel channel since thursday of last week. It broke this pattern north during Asia session. Considering the size of this consolidation, it has some more room to go up to around the 1.4550 level.


It was a considerable brekout because it took out the daily high/weekly high as well as last weeks high. A full trend following position.

However, the high of the month remains intact as it is still down.



Asia session took out the high of the day/week/last week. A