A Good sell trade if price break below @113.990 with T.P. @112.550 with S.L. @114.800
Here are other risk events
Wednesday, Jan 25, 10:00pm PH time USA Existing Home Sales
Thursday, Jan 26 9:30pm PH time USA Unemployment Claims
Friday, Jan 27, 11:00pm PH time USA New Home Sales
Friday, Jan 27, 7:30am PH time JPY Tokyo Core Consumer Prince Index y/y
Friday, Jan 27, 1:00pm PH time JPY BOJ Core Consumer Prince Index y/y
Friday, Jan 27, 9:30pm PH time USD Advanced GDP q/q
Friday, Jan 27, 9:30pm PH time USD Core Durable Goods Orders m/m
With the recent proclamation of the new US president, it is said that the first few weeks are honeymoon stage thus it may have a positive mood in the US market which may help boost its currency. However, a word or a tweet from Trump may provide in either direction.
My Long term bias is still on this pair but for the week ahead, the strength is yet to be tested.
This is my beliefs and you are welcome to have opposite ones. Having a plan is more important than the actual direction for me.