Daily Strategy - Nevertheless positive Non-farm payroll report the dollar will lose again
EURUSD (1.2333)
Trend: Neutral/Upward
Support/Resistance: 1.2270 - 1.2395
For today the key fundamental data comes from United States. It is not expecting some big changes from the prior month of CPI and Core CPI schedule for 8:30 AM ET.
After the one of the best Non-farm payroll report from the last few years the dollar gained about 150 pips only against the Euro. For such positive news like Non-farm payrolls the gain of the dollar is not enough. Therefore this is a signal that the trend upward for EURUSD will continue after some temporary correction.
Our trading strategy for today is to open long positions as buy at corrections close to levels of 1.2300.
EURUSD (1.2333)
Trend: Neutral/Upward
Support/Resistance: 1.2270 - 1.2395
For today the key fundamental data comes from United States. It is not expecting some big changes from the prior month of CPI and Core CPI schedule for 8:30 AM ET.
After the one of the best Non-farm payroll report from the last few years the dollar gained about 150 pips only against the Euro. For such positive news like Non-farm payrolls the gain of the dollar is not enough. Therefore this is a signal that the trend upward for EURUSD will continue after some temporary correction.
Our trading strategy for today is to open long positions as buy at corrections close to levels of 1.2300.
