Eur Usd Weekly forex market analysis with forex trading strategy
Eur Usd Weekly forex market analysis with forex trading strategy from 4th April,2022.
Fundamentally, the NFP released reports have shown that the number of jobs added to the US economy was lower than expected, even though the unemployment rate was lower than forecasted, hourly wages did not increase. Prior to the NFP,
the US GDP reports for the 4th quarter shows a lower than expected figure with initial jobless claims reports higher than expected.
From the Euro zone, consumer price index preliminary report showed a higher than expected figure.
Fundamentals to keep an eye on the coming week include the US trade balance, euro retail sales...
Technically, price has enjoyed a long bearish move and currently has returned to an unmitigated monthly, and weekly demand
zone. An unmitigated demand zone was created on the daily time frame as well. I am expecting price to reach for the un mitigated daily demand zone from where i will be looking out for price action confirmation setups for a long trade.
Let us go take some risks, let us go make some money.
Fundamentally, the NFP released reports have shown that the number of jobs added to the US economy was lower than expected, even though the unemployment rate was lower than forecasted, hourly wages did not increase. Prior to the NFP,
the US GDP reports for the 4th quarter shows a lower than expected figure with initial jobless claims reports higher than expected.
From the Euro zone, consumer price index preliminary report showed a higher than expected figure.
Fundamentals to keep an eye on the coming week include the US trade balance, euro retail sales...
Technically, price has enjoyed a long bearish move and currently has returned to an unmitigated monthly, and weekly demand
zone. An unmitigated demand zone was created on the daily time frame as well. I am expecting price to reach for the un mitigated daily demand zone from where i will be looking out for price action confirmation setups for a long trade.
Let us go take some risks, let us go make some money.
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