Daily Strategy - U.S. data today may stop the Dollar gains
EURUSD (1.2192)
Trend: Neutral/Downward
Support/Resistance: 1.2125 - 1.2280
After temporary stop of the Dollar gains against the Euro in two days the trend into downward continue. Today we recommend to focus in the morning for data from Europe but mainly focus over the United States data at 8:30 AM and 10:00 AM Eastern Time. It is expecting the key Personal Income and Personal Spending, also ISM Index and Construction Spending. It is expecting worse data for the most important ISM Index that may send bad signals for the U.S. Economy.
Our trading strategy today is to continue to trade with 30-35 pips profit as try to sell at corrections using technical indicators. EURUSD may slowly down to the new support level at 1.2125.
Trend: Neutral/Downward
Support/Resistance: 1.2125 - 1.2280
After temporary stop of the Dollar gains against the Euro in two days the trend into downward continue. Today we recommend to focus in the morning for data from Europe but mainly focus over the United States data at 8:30 AM and 10:00 AM Eastern Time. It is expecting the key Personal Income and Personal Spending, also ISM Index and Construction Spending. It is expecting worse data for the most important ISM Index that may send bad signals for the U.S. Economy.
Our trading strategy today is to continue to trade with 30-35 pips profit as try to sell at corrections using technical indicators. EURUSD may slowly down to the new support level at 1.2125.
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