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Daily Strategy - The technical analysis in trading will dominant today
Category: Forex Forecasts & Signals
Posted by on February 9, 2018 at 01:50 AM
EURUSD (1.2264)
Trend: Neutral
Support/Resistance: 1.2180 - 1.2340
For the last business day of this week there is one event U.S. Wholesale Inventories but you can forget about the fundamental factors today and focus over the technical indicators.
The gains of the dollar by the last day shows that the trend is slow and may end shortly. trading strategy for Friday is to trade into neutral direction. It is possible a little more gains of the dollar to the support level of 1.2180 but also use that level to open long positions. If the trading of EURUSD breaks below 1.2180 that may signal continue of the downtrend by the last couple of days.

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