EURUSD Trading strategy this week

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  1. #11
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    EURUSD Trading strategy this week
    Let's see how it will develop next week.

  2. #12
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    It's testing the resistance at 1.2100, I think it is quite possible for it to break out above that level this week.

  3. #13
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    It's consolidating around 1.2080 today. Do you think it will rally above 1.2100 this week?

  4. #14
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    Consolidation continues today. I've closed my longs for now, if it breaks out above 1.2100, I may open new ones.

  5. #15
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    Default Fed Interest Rates and GDP reports on focus to the end of the week

    Fed Interest Rates and GDP reports on focus to the end of the week.
    The EURUSD trading found a good support line at 1.2055. Although EURUSD trading is possible down correction to 1.2038 where is the next support level the trend into upward direction starts again.
    The most important coming events that will take effect over the trading crosses are Fed Interest Rate Decision, Fed's Monetary Policy Statement and FOMC Press Conference. The policy trading probably will remain unchanged with focus over the stimulus of the economy.
    Tomorrow the most important events are Germany unemployment and the Harmonized Index of Consumer Prices. Do not forget that much more important is Gross Domestic Product Annualized for Q1 on Thursday 12:30 GMT where the consensus is for 6.5% growth compared to 4.3% in the prior period. On Friday GDP date will be released for Germany and the Euro Zone too.
    World-Signals.com trading strategy is to use these two key support levels of 1.2038 and 1.2055 as stops and open long positions with targets above 1.2130 in the next two days or target 1.2150 in the next couple of days.
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  6. #16
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    The move north continues, it broke out above 1.2100 again. I think next target will be around 1.2150.

  7. #17
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    It bounced off from 1.2150 as I suspected it would. Next target seems to be around 1.2050.

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    Let's see how it will develop next week.

  9. #19
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    Trading is very easy but you need to have an idea about Proper Analysis. As a trader, I always try to develop a strategy. I think EURUSD will show some bearish pressure this week then the price may follow a bullish trend again. However, I can use this formula in Eurotrader brokers because their spread is much lower.

  10. #20
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    in ro ham eslah kon:
    The market will re-open again in a few hours, let's see whether the move north will continue.

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