Trading Outlook – EUR/USD

Click here to learn how to use my trade calls!

Originally updated: 06:51

Status: Pending

Trading period: SHORT

Currency pair: EUR/USD

Entry: 1.1935-1.1940

Take profit:

Sentiment: Bearish

Market Focus: We remain on the sidelines awaiting data from the eurozone and US later today.

Fundamentals: Our focus coming into today is on the release of the CPI Flash Estimate numbers out of the troubled eurozone which economists are predicting to come in lower than expected as well as from the US we have the release of the FOMC meeting minutes which many will be combing over in order to gain a better insight into when they may start their hiking cycle. I remain bearish the euro long-term looking for further fuel to be added to an already bleak situation.

Technicals: On a technical note we saw new lows printed on EUR/USD yesterday as bearish sentiment renews itself with the oil crisis and investors seeking safer havens. Having taken some good pips out of the euro this week already I am waiting once again for a decent rally to sell into.
I am watching 1.1935-1.1940 as a potential area to sell from, however I will assess price once news hits the wires.

NOTE: Entry, stop and take profit levels will be updated as and when market dictates.

To get daily market insights from Jarratt Davis delivered to your inbox simply enter your name and email below:

The post Trading Outlook – EUR/USD appeared first on Jarratt Davis.

Source:: Trading Outlook – EUR/USD

About the Author
Jarratt Davis is the world’s ranked #2 (2008-2013) Forex Trader by Barclays FX Hedge Index, following years of mastering his art as a self employed trader Jarratt has now entered the field of education and delivers the most robust Forex education package on the market. Jarratt’s mentorship is one of the only programs on the market that is conducted by a verified professional trader. Forex Alchemy readers can get the FREE mini course where Jarratt gives away some of his secrets to success by Clicking Here... [space height="20"] [social type="facebook"][/social] [social type="twitter"][/social] [social type="google-plus"][/social] [social type="youtube"][/social]

Leave a Reply