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Daily Strategy - The positive news for the Dollar continue

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  • Daily Strategy - The positive news for the Dollar continue

    EURUSD (1.1945)
    Trend: Neutral/Downward
    Support/Resistance: 1.1830 - 1.2070
    The U.S. Unemployment rate down to a new record low level of 3.9% from 4.1% last month. Non-farm payroll report was positive since month of March but not so much as the expectations. Nevertheless the key Friday's report was positive together with the interest rates divergence with Euro Zone push the Dollar to make new gains.
    This week the most important event is U.S. CPI report on Thursday but is not expecting surprises. trading strategy with the start of the new business week is to wait for a temporary EURUSD correction up and then to open short positions.

  • #2
    Hi there, how about for today EU analysis? any good signal for long position or short?


    • #3
      as a newbie, can you explain more clearly?


      • #4
        I am a huge follower of news trading and I have subscribed to several news sites in this regard. I get economic data releases of the countries. Thid data has huge impact on the forex market. It is really helpful folks, do the same as I am doing and take handy profit. Thanks!