Hi, everyone, glad to have a chance to share my ideas with you guys here.
Let's see how EUR/USD chart is like and what's favorable trade.
We can see
1. Parity line is broken
2. Long-term descending channel
3. Overlapped resistance near 1.01000
4. Overlapped support near 0.98000
We should check
1. ECB monetary policy report today
2. US 2Q GDP today
3. Jackson hole symposium
We can expect
1. There is a overlapped resistance on 1.01000, this can be chance to sell for short-term
2. For the Fed's monetary policy, price will be heading to bottom support line of descending channel, this will be chance to buy for long-term
Right now, it is hard to make decision but we can have chance to make good trade soon.
Thanks for reading, and hope this insight is helpful. Let's see how it works.
Let's see how EUR/USD chart is like and what's favorable trade.
We can see
1. Parity line is broken
2. Long-term descending channel
3. Overlapped resistance near 1.01000
4. Overlapped support near 0.98000
We should check
1. ECB monetary policy report today
2. US 2Q GDP today
3. Jackson hole symposium
We can expect
1. There is a overlapped resistance on 1.01000, this can be chance to sell for short-term
2. For the Fed's monetary policy, price will be heading to bottom support line of descending channel, this will be chance to buy for long-term
Right now, it is hard to make decision but we can have chance to make good trade soon.
Thanks for reading, and hope this insight is helpful. Let's see how it works.
