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InstaForex | Forex Forum | Forex world | InstaForex Forum _ Traders' discussions _ Daily Strategy - EURUSD trading strategy for the next few days

Posted by: Apr 9 2018, 06:48 AM

EURUSD (1.2277)
Trend: Neutral
Support/Resistance: 1.2215 - 1.2360
The events that will move the forex market are the continue trade war between United States and China. Also the effect of U.S. Nonfarm payroll will take a place at the beginning of the week. The Dollar lost about 50-60 pips after the Friday's key report and may lose still more pips at the beginning of the week. As overall the trend of EURUSD is downtrend but with big chance to stop and turn into neutral and upward this week. trading strategy for today is to try open long positions close to the support level of 1.2215 and up to 1.2240 and hold during the next few days.

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