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Major movement should be coming soon

Looking at the price action of EUR/USD over the last few days, it looks like dollar is in “constipation”, whereby it got stucked in-between the black candle that was formed on Nov 1. Since then till now (11:30pm) The candle has had small body and inside the black candle. Those that know TA, this is known as inside bar, and also a intraday bollinger squeeze. Which means the currency is quiet awaiting some trigger. What this trigger would be is anybody guess, but I have drawn the line across the black candle. If it breaks higher, that means market will rally, and if it breaks lower, then market will sell down. Therefore, now is just a waiting game. Since the range of the candles is also very small, to long or short EUR/USD would have to be very short term, hit and run.


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