Printable Version of Topic

Click here to view this topic in its original format

InstaForex | Forex Forum | Forex world | InstaForex Forum _ Traders' discussions _ Daily Strategy - The dollar may lose again today

Posted by: Feb 15 2018, 07:52 AM

EURUSD (1.2461)
Trend: Neutral/Upward
Support/Resistance: 1.2330 - 1.2490
The dollar recovery against the Euro for a short time after yesterday reports for CPI and Retail Sales.
But it was temporary and the dollar losses continue few hours after the key U.S. data. For today the key events are at 8:30 AM Eastern Time is Initial Claims, Continuing Claims, PPI, Core PPI, Empire Manufacturing and Philadelphia Fed. Later at 9:15 AM ET expects Industrial Production and Capacity Utilization.
The fundamental events from United States may push the dollar losses higher. trading strategy today is to continue with long EURUSD position or open long at any correction down. We expect to see levels close or above the key resistance at 1.2490.

Powered by Invision Power Board (
© Invision Power Services (