EURUSD - Still Ranging

May 14, 2016

Last week we established bearish bias & it pretty much unfolded as we assumed. I see lot of people getting excited about the down fall but in my view, things have not changed much. The pair is still range bound & has obstacles on both ways every 30-40 pips randomly. Currently the intraday approach for banking 20-30 pips is best strategy IMO. Still preferred direction is to the south but be cautions & not over ambitious.