Dears,
As of today EURUSD pair trading under 200 SMA and above 50 SMA on 1H chart. As well worse to note that 1.1340 is fibo resistance, which was not broken after GER & EUR Zew data. As EUR USD pair likes to respect resistance and support levels, then , to move outside the current trade range 1.1340-1.1315 must happen something significant, which is not expected. As well in front of ECB rate decison most probablly we will be trading in naroow range till Thursday.
In summarry - EURUSD will be boring till Thursady. But if you are looking for peace of mind, then trading this pair will allow time for meditaion.
Have a nice trading!
As of today EURUSD pair trading under 200 SMA and above 50 SMA on 1H chart. As well worse to note that 1.1340 is fibo resistance, which was not broken after GER & EUR Zew data. As EUR USD pair likes to respect resistance and support levels, then , to move outside the current trade range 1.1340-1.1315 must happen something significant, which is not expected. As well in front of ECB rate decison most probablly we will be trading in naroow range till Thursday.
In summarry - EURUSD will be boring till Thursady. But if you are looking for peace of mind, then trading this pair will allow time for meditaion.
Have a nice trading!