Daily Strategy - The Positive News For The Dollar Continue

Discussion in 'General Trading Discussion' started by World-Signals.com, May 7, 2018.

  1. World-Signals.com

    World-Signals.com Senior Investor

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    EURUSD (1.1945)
    Trend: Neutral/Downward
    Support/Resistance: 1.1830 - 1.2070
    The U.S. Unemployment rate down to a new record low level of 3.9% from 4.1% last month. Non-farm payroll report was positive since month of March but not so much as the expectations. Nevertheless the key Friday's report was positive together with the interest rates divergence with Euro Zone push the Dollar to make new gains.
    This week the most important event is U.S. CPI report on Thursday but is not expecting surprises.
    World-Signals.com trading strategy with the start of the new business week is to wait for a temporary EURUSD correction up and then to open short positions.
     

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