Daily Strategy - Trade in short EURUSD positions with small profit today.
EURUSD (1.2274)
Trend: Neutral/Downward
Support/Resistance: 1.2205 - 1.2360
The release of FOMC Minutes showed risk of inflation lag to target in 2018. In the first minutes of FOMC release the dollar lose some pips while after that start to gain against the Euro.
A new portion of fundamental events are schedule for today starting in the morning at 9:00 GMT with IFO - Business Climate, ECB Monetary Policy Meeting Accounts at 12:30 GMT. For United States at 8:30 AM ET are regularly Initial Claims and Continuing Claims with expecting the same data as prior week.
Our trading strategy for today is to try open short positions with 20-30 pips profit. The FOMC report is important and the trend starting will continue today and probably till the end of the week.
EURUSD (1.2274)
Trend: Neutral/Downward
Support/Resistance: 1.2205 - 1.2360
The release of FOMC Minutes showed risk of inflation lag to target in 2018. In the first minutes of FOMC release the dollar lose some pips while after that start to gain against the Euro.
A new portion of fundamental events are schedule for today starting in the morning at 9:00 GMT with IFO - Business Climate, ECB Monetary Policy Meeting Accounts at 12:30 GMT. For United States at 8:30 AM ET are regularly Initial Claims and Continuing Claims with expecting the same data as prior week.
Our trading strategy for today is to try open short positions with 20-30 pips profit. The FOMC report is important and the trend starting will continue today and probably till the end of the week.
