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Daily Strategy - EURUSD to follow the trend by the last couple of days
Category: Forex Forecasts & Signals
Posted by World-Signals.com on February 8, 2018 at 01:19 AM
EURUSD (1.2280)
Trend: Neutral + Downward
Support/Resistance: 1.2145 - 1.2340
For today you can pay your attention at 8:30 AM Eastern Time for U.S. Initial Claims and Continuing Claims. It is not expecting changes to prior week.
Also some of the events to focus today are Germany Trade Balance, Current Accounts but as overall the expectations show minimal changes.
Yesterday the Euro lost about 250 pips against the Dollar. The gains of the dollar continue since February 2nd already 4 business days.
World-Signals.com trading strategy today is to follow the trend as is possible some temporary recovery of the Euro. So we recommend to use this moment of temporary recovery of the Euro to open again short positions with target below 1.22.

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