eurusd resultsHope you had a great day trading the recent EURUSD news release this morning. Here was my setup (I got out way too early).
Eurusdbearish
Short-Term Bearish - Potential - Move based on S/R levelShort-Term Bearish - Potential - Move based on S/R level.
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EURUSD BullishWill the EUR strength continue? I'm not sure if it does, it might be need some positive catalyst to push it above 1.1600 handle.
Event Risk
Thursday, May 12, 2016
04:00 EUR Industrial Production (MoM) (Mar) 0.1% -0.8%
07:30 USD Export Price Index (MoM) (Apr) 0.1% 0.0%
07:30 USD Import Price Index (MoM) (Apr) 0.5% 0.2%
07:30 USD Initial Jobless Claims 270K 274K
10:00 USD FOMC Member Mester Speaks
10:45 USD FOMC Member Rosengren Speaks
12:30 USD FOMC Member George Speaks
Friday, May 13, 2016
01:00 EUR German CPI (MoM) (Apr) -0.4% -0.4%
01:00 EUR German GDP (YoY) (Q1) 1.5% 2.1%
01:00 EUR German GDP (QoQ) (Q1) 0.6% 0.3%
04:00 EUR GDP (YoY) (Q1) 1.6% 1.6%
04:00 EUR GDP (QoQ) (Q1) 0.6% 0.6%
07:30 USD Core PPI (MoM) (Apr) 0.1% -0.1%
07:30 USD Core Retail Sales (MoM) (Apr) 0.5% 0.2%
07:30 USD PPI (MoM) (Apr) 0.3% -0.1%
07:30 USD Retail Sales (MoM) (Apr) 0.8% -0.4%
09:00 USD Business Inventories (MoM) (Mar) 0.2% -0.1%
09:00 USD Michigan Consumer Expectations (May) 78.1 77.6
09:00 USD Michigan Consumer Sentiment (May) 90.0 89.0
12:05 USD Baker Hughes U.S. Rig Count 328
Other Analysis
EURUSD 2618 Daily We have had our Double top form which is in a good area of ressistance. from here im expecting a move down we are right at the top of the RSI on the Daily.
Now there is alot of structure around the 382 level so I will be watching to see how it moves if we get to this area and then if we break this there is a possible move to previous lows.
I am in a short position at 1.13270 stop is above the most recent high.
