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Daily Strategy - Trade war USA - China on focus

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  • Daily Strategy - Trade war USA - China on focus

    EURUSD (1.2304)
    Trend: Neutral
    Support/Resistance: 1.2240 - 1.2360
    The most important news that will move the Dollar is the starting trade war between United States and China and the effect over the economy. If the United States duty helps to economic growth the effect probably will be temporary within couple of months. The Dollar may growth during these months against the major currencies. The day after The Eastern the Dollar is flat into neutral direction against the Euro. But this week is the important Non-farm payroll report on Friday. trading strategy today is to trade into neutral direction with chance to open short positions from levels above 1.2335/40.

  • #2
    very useful. Thank you sir.