Daily Strategy - Temporary recovery of the dollar against the Euro

World-Signals Team World-Signals

EURUSD (1.2383)

Trend: Neutral/Downward

Support/Resistance: 1.2320 - 1.2495

After the rest day in United States the new week started with less economic events in United States. The key events today come from Germany and EU at 10:00 AM GMT

Germany ZEW Survey - Current Situation, ZEW Survey - Economic Sentiment and EU ZEW Survey - Economic Sentiment.

The Dollar made about 150 pips recovery against the Euro in the last two days. But it is time for neutral direction for now.

World-Signals.com trading strategy today is to trade into neutral direction and with chance to open short position. The recovery of the Dollar may continue one or few days more but as overall the Dollar losses against the Euro will continue in mid and long-term period.

Author

World-Signals Team

World-Signals

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