Sforex
Short

Idea for EURUSD tomorrow.

FX:EURUSD   Euro Fx/U.S. Dollar
571 1 0
Important data today:
- German CPI             (YoY) : 1.2% negative ( quite soft).
- US Durable Good Orders ex Tranportation : 1.1% (positive).

Tomorrow, key data need to be considered are :
- EUR CPI             : could be negative becuase German CPI             is negative (Germany economy account 1/3 entire Euro             Zone economy).
- EZ Unemployment Rate : unchanged , still 12%
- US Personal Consumption Expenditure price : This indicator is very important, FED use PCE price to gauge inflation , they don't use CPI             . I mainly focus on PCE Price to consider inflation as well as CPI             of US.
- US GDP

I ignore Ukrainian protest incedent. : there is no impact on Forex market as well as EUR.

I also see the low volume and low volatility. It expresses the caution bias of traders , simply they don't dare to enter a trade.

I come back the economic data :
The data of both EZ and US are not good enough, and traders react by LONG EURUSD             , I mentioned this in my recent analysis in tradingview.

Indeed, I don't know how to trade EURUSD             in the being time. I will try to SHORT EURUSD             to 1.3647
ATR is now under 70 pips. The take profit should not be higher 70 pips, I choose take profit about 65 pips.

claudioesc
2 years ago
Hi, I'm beginner.
Because you traced the brown line?
Thanks
Reply
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