World-Signals

EURUSD trading strategy ahead key events

Long
FX_IDC:EURUSD   Euro / U.S. Dollar
During the current European session the trend of EURUSD will change. The current downward trend started last Friday and is about to end today. The Dollar gained about 130-140 pips in this period of 4 days.
For today the key event is ISM Manufacturing PMI(May) at 14:00 GMT . But overall the key event that everyone is waiting for is Friday Non-farm payroll report. It is expecting a positive report that may support the dollar. The event is already generated by the market. But till the event we expects to see temporary recovery of the Euro as possible levels up to 1.1885.