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Daily Strategy - The positive news for the Dollar continue
Category: Forex Forecasts & Signals
Posted by on May 7, 2018 at 12:46 AM
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. 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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