EUR/USD: Preparing for a Range Before Thursday's News
Hello traders,
A quick heads-up for EUR/USD enthusiasts: we may be entering a range-bound market ahead of Thursday's significant news.
On Thursday, keep an eye out for both the USA GDP and the ECB interest rate announcements. Predicting the outcome of the ECB meeting with its 22 votes is challenging, but the consensus tends to hover around 4.5%.
Regarding the uncertainty, I anticipate a range-bound market until after the announcements. Because traders often prefer to keep decisions until post-news to avoid unexpected surprises.
Risk Management Reminder:
As always, exercise caution during volatile periods, and be mindful of your risk tolerance. Consider adjusting your positions in anticipation of market fluctuations.
Key Zones to Watch:
Clear zones in the picture are around 1.0925 and the other around 1.0850.
Stay tuned for updates and trade wisely in the lead-up to Thursday!
Best regards,
A quick heads-up for EUR/USD enthusiasts: we may be entering a range-bound market ahead of Thursday's significant news.
On Thursday, keep an eye out for both the USA GDP and the ECB interest rate announcements. Predicting the outcome of the ECB meeting with its 22 votes is challenging, but the consensus tends to hover around 4.5%.
Regarding the uncertainty, I anticipate a range-bound market until after the announcements. Because traders often prefer to keep decisions until post-news to avoid unexpected surprises.
Risk Management Reminder:
As always, exercise caution during volatile periods, and be mindful of your risk tolerance. Consider adjusting your positions in anticipation of market fluctuations.
Key Zones to Watch:
Clear zones in the picture are around 1.0925 and the other around 1.0850.
Stay tuned for updates and trade wisely in the lead-up to Thursday!
Best regards,
Comment:
Another profit!
Comment:
Move the SL to entry point!
But since the long-term bias was more bearish rather than bullish, a bigger win acquired regarding the size of trade. Also since average RtoR is more than 1, these trades were profitable. Stay tuned