Aside the trade tension between the United States and China (reports suggest President Trump may impose new tariffs on China as soon as next week), political tension in Italy contributed to EUR recent weakness.
EURUSD hourly signal is fairly straightforward. EURUSD reached its hourly support, failure to post an hourly close may lead to corrective gains in Euro Dollar. Only in an event EURUSD breaks below the latter support (lower blue line) it may pave the way for further weakness.
All the signals / strategies that are published are kept simple with the usage of technical or fundamental analysis.;
Do not that this is a 60minute signal / strategy rather than a medium or long-term strategy that is based on the daily, weekly and monthly charts.
EURUSD hourly signal is fairly straightforward. EURUSD reached its hourly support, failure to post an hourly close may lead to corrective gains in Euro Dollar. Only in an event EURUSD breaks below the latter support (lower blue line) it may pave the way for further weakness.
All the signals / strategies that are published are kept simple with the usage of technical or fundamental analysis.;
Do not that this is a 60minute signal / strategy rather than a medium or long-term strategy that is based on the daily, weekly and monthly charts.