EUR/USD pair was little changed in the Asian session and is now trading at 1.0800,
which is slightly above yesterday’s low of 1.0775. On the hourly chart, the price is slightly above the 23.6% Fibonacci retracement level and slightly below the short and medium-term moving average.
The pair will likely see some significant movements today as the market reacts to GDP data from Europe and US retail sales.
If it breaks the daily resistance we will look for longs.
Do your own analysis ...
Dont Forget Moving StopLoss At Breakeven
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. You must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
which is slightly above yesterday’s low of 1.0775. On the hourly chart, the price is slightly above the 23.6% Fibonacci retracement level and slightly below the short and medium-term moving average.
The pair will likely see some significant movements today as the market reacts to GDP data from Europe and US retail sales.
If it breaks the daily resistance we will look for longs.
Do your own analysis ...
Dont Forget Moving StopLoss At Breakeven
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. You must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Trade closed: target reached