Daily Strategy - Trade war USA - China on focus
EURUSD (1.2304)
Trend: Neutral
Support/Resistance: 1.2240 - 1.2360
The most important news that will move the Dollar is the starting trade war between United States and China and the effect over the economy. If the United States duty helps to economic growth the effect probably will be temporary within couple of months. The Dollar may growth during these months against the major currencies. The day after The Eastern the Dollar is flat into neutral direction against the Euro. But this week is the important Non-farm payroll report on Friday.
Our trading strategy today is to trade into neutral direction with chance to open short positions from levels above 1.2335/40.
Trend: Neutral
Support/Resistance: 1.2240 - 1.2360
The most important news that will move the Dollar is the starting trade war between United States and China and the effect over the economy. If the United States duty helps to economic growth the effect probably will be temporary within couple of months. The Dollar may growth during these months against the major currencies. The day after The Eastern the Dollar is flat into neutral direction against the Euro. But this week is the important Non-farm payroll report on Friday.
Our trading strategy today is to trade into neutral direction with chance to open short positions from levels above 1.2335/40.
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