Euro have a GDP above the forecast.
And today the PPI of US was released and the price is following the inflation that was realeased yesterday.
Today PPI (mom) show us a -0,4%.
The prices are increasing in US and Euro seems to start recovering the usual currency price.
We can see the MACD almost crossing 0, and we can see before the price was oversolding, and when the volume started to be higher the price start to have the "correction"
We also have a strong support, that was crossed in September 08, but was just a retest and after that went long
The yellow line is a 1H resistance, that has been constatly tested
The white arrows is our three prediction that could occur, but if the price cross the blue box, the trade must close and it has to be analysed again
And today the PPI of US was released and the price is following the inflation that was realeased yesterday.
Today PPI (mom) show us a -0,4%.
The prices are increasing in US and Euro seems to start recovering the usual currency price.
We can see the MACD almost crossing 0, and we can see before the price was oversolding, and when the volume started to be higher the price start to have the "correction"
We also have a strong support, that was crossed in September 08, but was just a retest and after that went long
The yellow line is a 1H resistance, that has been constatly tested
The white arrows is our three prediction that could occur, but if the price cross the blue box, the trade must close and it has to be analysed again