EURUSD failed to keep closed above upper bands, but the medium term trend point up.
This week one touch 1.1588/90 still could not be ruled out.
Expect some complex and over-lapping upside correction for now.
Will look to trade from both sides.
Below 1.1965, we could not confirm a medium term low already in place.
EURUSD Trade Idea:
Buy Limit @ 1.1591 SL 1.1490 Take Profit @ 1.1770
Intraday Trade Idea: (spot 1.1686)
Sell Latentinterest Order: 1.1742
Buy Latentinterest Order: 1.1661
Click on the image to enlarge
We provide Daily FX Report, Trade Copy, Email Alert and MT4 EA Rental.Free trial and 30 Days Money Back policy will be valid forever!. All the services could be Free
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.9% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Recommended Content
Editors’ Picks
AUD/USD regains the constructive outlook above the 200-day SMA
AUD/USD advanced strongly for the second session in a row, this time extending the recovery to the upper 0.6500s and shifting its focus to the weekly highs in the 0.6580-0.6585 band, an area coincident with the 100-day SMA.
EUR/USD keeps the bullish performance above 1.0700
The continuation of the sell-off in the Greenback in the wake of the FOMC gathering helped EUR/USD extend its bounce off Wednesday’s lows near 1.0650, advancing past the 1.0700 hurdle ahead of the crucial release of US NFP on Friday.
Gold stuck around $2,300 as market players lack directional conviction
Gold extended its daily slide and dropped below $2,290 in the second half of the day on Thursday. The benchmark 10-year US Treasury bond yield erased its daily losses after US data, causing XAU/USD to stretch lower ahead of Friday's US jobs data.
Bitcoin price rises 5% as BlackRock anticipates a new wave of capital inflows into BTC ETFs from investors
Bitcoin (BTC) price slid to the depths of $56,552 on Wednesday as the cryptocurrency market tried to front run the Federal Open Market Committee (FOMC) meeting. The flash crash saw millions in positions get liquidated.
FOMC in the rear-view mirror – NFP eyed
The update from May’s FOMC rate announcement proved more dovish than expected, which naturally weighed on the US dollar (sending the DXY to lows of 105.44) and US yields, as well as, initially at least, underpinning major US equity indices.