This week, market pays all attention on EZ with lot of important data : Markit PMI, IFO data, CPI and GDP data which could trigger big move for Euro.
While I bet on positive data for US side, I have negative view for Euro.
Look at on the chart, EURUSD is still fighting around the key level: SMA200 + Strong support at 1.1050
A break the support would bring E/U down to next support , likely the trend line I draw on the chart.
I think the break will happen this week.
I only SELL EURUSD if it breaks 1.1050.
And looking for a good place to SELL around 1.1200, I think it is a good level to hit a SELL Limit Order.
While I bet on positive data for US side, I have negative view for Euro.
Look at on the chart, EURUSD is still fighting around the key level: SMA200 + Strong support at 1.1050
A break the support would bring E/U down to next support , likely the trend line I draw on the chart.
I think the break will happen this week.
I only SELL EURUSD if it breaks 1.1050.
And looking for a good place to SELL around 1.1200, I think it is a good level to hit a SELL Limit Order.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.