Daily Strategy - Temporary recovery of the dollar against the Euro.
EURUSD (1.2383)
Trend: Neutral/Downward
Support/Resistance: 1.2320 - 1.2495
After the rest day in United States the new week started with less economic events in United States. The key events today come from Germany and EU at 10:00 AM GMT Germany ZEW Survey - Current Situation, ZEW Survey - Economic Sentiment and EU ZEW Survey - Economic Sentiment.
The Dollar made about 150 pips recovery against the Euro in the last two days. But it is time for neutral direction for now.
World-Signals trading strategy today is to trade into neutral direction and with chance to open short position. The recovery of the Dollar may continue one or few days more but as overall the Dollar losses against the Euro will continue in mid and long-term period.
EURUSD (1.2383)
Trend: Neutral/Downward
Support/Resistance: 1.2320 - 1.2495
After the rest day in United States the new week started with less economic events in United States. The key events today come from Germany and EU at 10:00 AM GMT Germany ZEW Survey - Current Situation, ZEW Survey - Economic Sentiment and EU ZEW Survey - Economic Sentiment.
The Dollar made about 150 pips recovery against the Euro in the last two days. But it is time for neutral direction for now.
World-Signals trading strategy today is to trade into neutral direction and with chance to open short position. The recovery of the Dollar may continue one or few days more but as overall the Dollar losses against the Euro will continue in mid and long-term period.
