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Showing posts with the label eur/usd

Short Eurusd in short term

 Euro has fallen from its recent highs above 1.19$ to test 1.17$ twice and found support.However , the pair is still favored to the downside as long as it is below 1.1880$ Short the pair with target 1.1590$ , if the pair closes above 1.1960$ , exit this trade. Coronavirus cases are still trending a higher and a second wave is not avoidable. Economies are not able to recover from the first wave yet.

The day ahead 11 oct 2017

The economic calendar today is free except from fed's members "evans" and "williams" who are set to speak todat before and afer the release of FOMC minutes at 18:00 GMT. Low volatility is expected , however I see this event as very critical indicator for the direction of the dollar and it wilĺ decide if majors break the tought trendlines and support areas. Usd/jpy and usd/cad are facing trendlines and failed to break on friday after NFP figures..will they break the trendline after the fomc minutes ??? On the other side , we have eur/usd and gbp/usd which are very well supported at 1.1680$ and 1.3030$ areas respectively... I think we might see these areas and trendlines broken this week...