I would personally be looking for buys at my 1.09 and 1.093 key price zones. 1.09 looks better to me as a double bottom would be the preferred situation and it is a large psychological level too.
Since the beginning of June, Dollar has been remaining soft and has been pushing down from 104.5 to 102. I'm looking to temporarily continue the dollar bearish sentiment in the medium term, with targets at 101.2. This translates to being bullish on EUR/USD.
Fundamentals
Yesterday we had initial jobless claims, which came out the same as last week's revised number 264k. Jobless claims have been increasing which indicates a further softening of the labour market.
Today we have US PMI data coming out and of course it's expected to rise. It never holds as much weight in the markets as Consumer inflation but it will be interesting to see how inflation is acting in the services sector.
There are a few European and US representatives speaking today that I will be watching, they may cause a small amount of market volatility, but unless they say something new or shocking I doubt they will have any hold.
Since the beginning of June, Dollar has been remaining soft and has been pushing down from 104.5 to 102. I'm looking to temporarily continue the dollar bearish sentiment in the medium term, with targets at 101.2. This translates to being bullish on EUR/USD.
Fundamentals
Yesterday we had initial jobless claims, which came out the same as last week's revised number 264k. Jobless claims have been increasing which indicates a further softening of the labour market.
Today we have US PMI data coming out and of course it's expected to rise. It never holds as much weight in the markets as Consumer inflation but it will be interesting to see how inflation is acting in the services sector.
There are a few European and US representatives speaking today that I will be watching, they may cause a small amount of market volatility, but unless they say something new or shocking I doubt they will have any hold.
코멘트:
코멘트:
We see quite a significant drop in the value of the Euro following the French PMI index figures, from 52.5 to 48. An index below 50 signals a contraction in the production market.
With the expected and previous being above 50 and the actual coming out below, it has created a short shock to the pair.
With the expected and previous being above 50 and the actual coming out below, it has created a short shock to the pair.
코멘트:
I will be looking for Long opportunities soon from these discounted price levels.
코멘트:
update
코멘트:
Looks like the bearish move after the news is starting to show some exhaustion.
I we see some structural bullish momentum then I will start to look for buys.
I we see some structural bullish momentum then I will start to look for buys.
코멘트:
Looking for something like this
코멘트:
코멘트:
Another great trade, been a great month so far.