Daily Strategy - Trade in short EURUSD positions with small profit today
EURUSD (1.2274)
Trend: Neutral/Downward
Support/Resistance: 1.2205 - 1.2360
The release of FOMC Minutes showed risk of inflation lag to target in 2018. In the first minutes of FOMC release the dollar lose some pips while after that start to gain against the Euro.
A new portion of fundamental events are schedule for today starting in the morning at 9:00 GMT with IFO - Business Climate, ECB Monetary Policy Meeting Accounts at 12:30 GMT. For United States at 8:30 AM ET are regularly Initial Claims and Continuing Claims with expecting the same data as prior week.
World-Signals.com trading strategy for today is to try open short positions with 20-30 pips profit. The FOMC report is important and the trend starting will continue today and probably till the end of the week.
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Forex being the largest currency market is offering diverse earning opportunities to millions of traders today and traders are exchanging currencies as suitable to him. Two common types of currency pair options available to the traders are: major pairs and common pairs. In case of major pairs, USD is the compulsory element with any other currency and common pairs include any two currencies apart from USD. I prefer major pairs to ensure consistent profit.
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