EURUSD under control by buyers again | June 6, 2017

Eurusd fell little at the started of the week and it gains bullish pressure again as buyers are taking control of this pair. We saw big bearish candle on h4 but it was a trap for sell. The main trend is still strong upward. So we need to look for the bullish signal on this pair. 

As ECB interest rate announcement during the session on Thursday, we could see ranging mode on this pair. So we should take the entry for a short time before ECB interest rate. After the announcement, we can take a step on this pair for the long term. For short term, we can sell from higher and buy from lower with tight money management rule. 

Buying from support level would be best for this pair. 1.1220 level is good for buy zone. We should look at this level with 30 pips SL and 30-50 pips TP. 



Support levels: 1.1210, 1.1165, 1.1130

Resistance levels: 1.1300, 1.1360



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