Looking at 1HR & 4HR timeframe we are hoping for potential longs (buys) , we have seen x3 rejections on the previous low level around 1.18799 , waiting for the 4HR candle to close , if we see further rejections and bullish indications we would aim for a take profit price around 1.19890 which is a previous high on the 1HR time frame.
Fundamentals:
Please refer to: www.fxstreet.com/economic-calendar
Earlier this morning we had data release from EUR which in my opinion showed slight weakness in the EUR , hence why I have not entered this trade yet and we will wait for USD news later on to determine the direction of this trade and wait for our confirmation.
JDG CAPITAL
Fundamentals:
Please refer to: www.fxstreet.com/economic-calendar
Earlier this morning we had data release from EUR which in my opinion showed slight weakness in the EUR , hence why I have not entered this trade yet and we will wait for USD news later on to determine the direction of this trade and wait for our confirmation.
JDG CAPITAL