Fundamental Analysis
We had a rate hike from the FOMC which was pretty well priced into the market and with the recent china tariff plan from Donald Trump we move a step away from a trade war which should bring back some risk appetite into the Euro.
Technical Analysis
The Price made some headway to the upside and recently pulled back to its breakout level, making resistance now support. I am taking this trade at market with a stop below recent swing low and target towards 12600.
I am using the Triple System EA for this trade with all three systems activated.
We had a rate hike from the FOMC which was pretty well priced into the market and with the recent china tariff plan from Donald Trump we move a step away from a trade war which should bring back some risk appetite into the Euro.
Technical Analysis
The Price made some headway to the upside and recently pulled back to its breakout level, making resistance now support. I am taking this trade at market with a stop below recent swing low and target towards 12600.
I am using the Triple System EA for this trade with all three systems activated.
Trade closed manually:
As we head into the weekend I don't want to leave to many trades on the table. with 40 pips profit I am happy to close the EUR/USD trade.