EURUSD Long Side Break, Simple Trade Plans
Harsh momentum from from the EUR vs the USD is taking us straight back to previous price action areas.
The force at which we are travelling makes short side entries slightly more dangerous. Would hold off.
Higher areas have much more weight, would not be surprised if we travel there if CPI data causes USD weakness (dovish).
Also NOTE GDP data out the Eurozone.
Lots of comments coming now out the US, good to check the wires. Mostly surrounding jobs, however we can see inflation comments seemingly on target (await tomorrow).
The force at which we are travelling makes short side entries slightly more dangerous. Would hold off.
Higher areas have much more weight, would not be surprised if we travel there if CPI data causes USD weakness (dovish).
Also NOTE GDP data out the Eurozone.
Lots of comments coming now out the US, good to check the wires. Mostly surrounding jobs, however we can see inflation comments seemingly on target (await tomorrow).
Note
Keep eyes on key data, not long until release.Note
Pop above high, small return. No real impetus from news.
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Free Pro Multi Asset Trading Guide:
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
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.