The pair is trading @ 1.4312; yesterday it went to a low of 1.4252, and to a high of 1.4361; the stock market was up, and probably the correction to the actual level is due to a weak oil; since last week the open interest is down; a possible rally in the stock market might drive up the EUR vs the dollar, but if in the next days the stock market will go up too much, we should expect a retracement, so in that case we should be ready to sell the pair, since the dollar will benefit from that kind of event. For today I am flat I do not see an opportunity.
In the 4h chart the pair is trading at the same level of the EMA, right at the same level of the middle bollinger level, RSI is @ 55; the stochastic is a little bit down.
Here are some support and resistance:
R3 1.4526; R2 1.4417; R1 1.4365; S1 1.4256; S2 1.4199; S3 1.4090
no trading plan: the pair may go 50 pips up or down, I do not see a clear opportunity.
follow the data release, maybe something will happen;
have a nice rest day
:D
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