Good afternoon everyone,
German IFO business climate and Industrial New Orders was lesser than expected after their release at 4pm and 5pm SG time. Furthermore, there was more than 40,000 job cut by European banks.
Technically, euro currency should weaken further after such news. however, eurusd shoots up to 1.4469, if eurusd fails to break 1.4500 in the next candle and forms a reversal. It is good to pick short.
Remember to put your stop. I believe eurusd will fall back to 1.4200 this week.
No comments:
Post a Comment