EURUSD at 20 day Exponential Moving Average support.
Updated
The 20 day moving average is a strong point which plays big part in how the future trend is set and detected. Setting up for a trade, short term selling from under 1.23 to 1.2270 may play a good trade short term trade, below it is stronger support directly to the 1.2200/1.2190 trend line support where more buyers are emerging. Be careful and follow also everything connected with news and don't forget next week is NFP's week.
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Trading carries a high level of risk to your capital and may result in losses that exceed your initial deposit. Supplied information is not advice.
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Trading carries a high level of risk to your capital and may result in losses that exceed your initial deposit. Supplied information is not advice.
Note
NFP's print out 103K lower than the expected 190K, last month result revised from 313K to 325K. Huge difference in one month, USD weakness, EURUSD 30 pips higher, thou the movement is muted in the general market.Note
US Session can bring more volatility.Note
The trade war still dominates the headlines.
The Trade Academy R&D Team
Disclaimer
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