Forecast – SIDEWAYS
Date Posted: 6 Jan 2020
Currency Pair: EURUSD
Current Trend: SIDEWAYS
Forecast Move: SIDEWAYS
Key Tech Levels: 1.1110/1.1230
Trade Action: RANGE TRADE
Sell Rallies 1.1230
Buy Dips 1.1110
Chart & Forecast Details
The Euro had a nice run up to 1.1230 during the Xmas/New Year break but it’s now back to reality as full liquidity comes back into the market. It’s currently sitting right in the middle of the range and I can’t see any reason for it to break this range until Friday’s US Non-Farm Payroll data is released. The good thing is we have entry levels on the top and bottom.
Key Trade Day: Friday 10th Jan – NFP Payroll Change
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