EURUSD Analysis: Week 7/12/21 - 7/16/21

12 ก.ค. 2021

Right now I'm seeing a short term opportunity to buy. I like the break of the yellow trendline and a break/retest of the blue zone is when I'll try to find an entry.

News I'm watching out for. (all pairs)

Comments about the timeline of interest rate hikes.
Comments about quantitative easing (tapering or not).
Keep an eye on the opec+ spat. Watch for tapering of production cuts. Watch for oil demand projections returning to pre-pandemic levels earlier than expected.
Any news about vaccines being ineffective against new variants of the virus.
News about more lockdowns due to virus variants.



GL Traders!

"You don’t need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ." - Warren Buffett