workingtraders
Short

EURUSD Not so fast!

FX:EURUSD   Euro / U.S. Dollar
Technicals on the chart


Fundamentals :

US GDP was weak but blamed on weather.

Fed's Williams: June rate hike would require 'good' improvement in labor market, inflation . We have some critical data coming up this week Non Payrolls.

US nonfarm payrolls increased by 126,000 last month after a downwardly revised 264,000 rise in February, the smallest gain since December of 2013. Meanwhile, the jobless rate remained unchanged at 5.5 percent. .

We should see a big improvement this month in nonfarm payrolls and should keep the pressure on EURUSD             towards the downside. Combined with Greece problems that won't go away very easily.

We also have GBPUSD             elections coming up. The GBPUSD             / EURUSD             correlation should keep the pair downward pressure building in the short term.

Similar idea. Entered at 1.119 already.
Reply
Comments welcomed. Thumbs up appreciated.
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out