SamuealDurairaj

EURUSD analysis hour 1 Chart

Long
FX_IDC:EURUSD   Euro / U.S. Dollar
1st time trying out fundamental trading, graph seems to be indicating a reversal. Italy unemployment rate sees to be doing better than expected, against USD consumer index news that is doing worse than expected, however we must also take note that the euro consumer price index is also doing worst than expected which may lead to euro continue crashing. From a technical trading point of view the graph has broken previous support zone and seems to be heading for a small reversal. Hence, going long may be a good idea.
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