EUR/USD Bias Still Long

12 ביולי 2020

EUR\USD has been moving in an almost technically perfect uptrend for multiple days now setting higher highs and higher lows along the way. I realized a nice gain this past week buying around the recent low with the catalyst being worse than expected PPI numbers for the US. Looking for potential catalyst for the upcoming week to see if the upside momentum will continue. From a technical perspective, as I mentioned, this pair has been moving up so my initial bias is long but on the h1 I can also see a potential head-and-shoulders pattern forming which the market may respect depending on upcoming high impact data releases for the upcoming week. Monday through Wednesday are fairly light days on the economic calendar with the only potential catalyst being BOE board member speaking on Monday after which Thursday will be the big day this week for this pair with retail sales coming out for the United States and a monetary policy statement for the Eurozone. And, of course, any breaking news concerning Covid-19 could move markets as well. So for now, waiting to see if the technicals line up with the fundamentals for momentum to continue to the upside, or if we see a shift in overall market direction.

13 ביולי 2020

העסקה בוטלה באופן ידני

Just took a nice win here! Done for the day :)