This week, market pays all attention on EZ with lot of important data : Markit PMI, IFO data, CPI and GDP data which could trigger big move for Euro.
While I bet on positive data for US side, I have negative view for Euro.
Look at on the chart, EURUSD is still fighting around the key level: SMA200 + Strong support at 1.1050
A break the support would bring E/U down to next support , likely the trend line I draw on the chart.
I think the break will happen this week.
I only SELL EURUSD if it breaks 1.1050.
And looking for a good place to SELL around 1.1200, I think it is a good level to hit a SELL Limit Order.
While I bet on positive data for US side, I have negative view for Euro.
Look at on the chart, EURUSD is still fighting around the key level: SMA200 + Strong support at 1.1050
A break the support would bring E/U down to next support , likely the trend line I draw on the chart.
I think the break will happen this week.
I only SELL EURUSD if it breaks 1.1050.
And looking for a good place to SELL around 1.1200, I think it is a good level to hit a SELL Limit Order.
