The market went with yesterday's prediction as seen on the chart above.
Today we have the Retail Sales Report releasing with a consensus that indicates that more goods have been sold in favour of the Euro In about 5hrs.
I think that price will fall a little bit in respect to the 1hr 200 EMA and start to rise again to hit around 1.07450 before falling again.
I'll still hold my position today and wait to see if euro might fall very later but for now, I support the pair.
Today we have the Retail Sales Report releasing with a consensus that indicates that more goods have been sold in favour of the Euro In about 5hrs.
I think that price will fall a little bit in respect to the 1hr 200 EMA and start to rise again to hit around 1.07450 before falling again.
I'll still hold my position today and wait to see if euro might fall very later but for now, I support the pair.
Trade active:
Trade is active, let's hope for a good win. Retail sales didn't do much so we just have to hope for a normal market reaction
