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Daily Strategy - Important events will move EURUSD at 1.24 and above
Category: Forex Forecasts & Signals
Posted by on February 14, 2018 at 01:38 AM
EURUSD (1.2379)
Trend: Neutral/Upward
Support/Resistance: 1.2285 - 1.2400
For today the most important events come from Euro Zone and Germany. These events are Germany, Euro Zone GDP, Euro Zone Industrial Production at 10:00 AM GMT.
In United States pay attention to Retail Sales, CPI at 13:30 GMT. It is possible to see higher inflation in United States.
During the morning European session it is possible slowly recovery of the dollar but as overall we expect upward movements. trading strategy today is to open long position at any dip correction and test of 1.2400. There is strong resistance at 1.2400 but today or in the next few days the test above 1.2400 is sure.

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