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Daily Strategy - Trade EURUSD in flat direction with partially long positions
Category: Forex Forecasts & Signals
Posted by on February 26, 2018 at 01:43 AM
EURUSD (1.2326)
Trend: Neutral
Support/Resistance: 1.2240 - 1.2355
The most important fundamental event today is at 8:30 AM ET New Home Sales. But the traders will focus over the expecting U.S. GDP report at the mid of the week.
The prior week was positive for the Dollar with about 150 pips gains against the Euro. The gains of the dollar may stop today and as overall we expect flat market with slowly EURUSD correction up. trading strategy for today is to try long positions during the morning European session with gains of 30-40 pips.

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