EURUSD is at the WPP resistance level I spoke about on Monday. We note this is the support of the previous range and is therefore now resistance. Standard range trading strategy tells us that when price breaks out of a range we wait for it to pullback and then enter a trade. We have the setup and Bears are certainly watching though one thing I am keeping an eye on is all the other Dollar pairs and the Dollar Index. Other Dollar pairs are not saying strong Dollar and neither is Dxy. I am not saying that EURUSD doesn’t move lower. If you are a Bear on Euro and a Bull on Dollar then this one is for you. We just need to make sure we have the setup and confirmation.