EURUSD 16/08 : The collapse of EURUSD
Strategic analysis
EURUSD
Today's rich agenda is completed by the Minutes from last Fed's meeting, Housing starts and industrial production in the United States.
Once again yesterday's reaction of the European currency up to the levels of 1,0950 confirmed my thought that despite the pressures that the Euro receives , every time it hits some local lows the reaction remains on the table with great fidelity and has proven to be one of the best trading strategies of the last weeks.
In an extremely rich agenda like today's any prediction is risky and for this reason I will stick to my basic thinking trying to detect levels to buy the European currency, where now the next level that presents an increased possibility of a strong reaction is 1,0830-40.
EURUSD
Today's rich agenda is completed by the Minutes from last Fed's meeting, Housing starts and industrial production in the United States.
Once again yesterday's reaction of the European currency up to the levels of 1,0950 confirmed my thought that despite the pressures that the Euro receives , every time it hits some local lows the reaction remains on the table with great fidelity and has proven to be one of the best trading strategies of the last weeks.
In an extremely rich agenda like today's any prediction is risky and for this reason I will stick to my basic thinking trying to detect levels to buy the European currency, where now the next level that presents an increased possibility of a strong reaction is 1,0830-40.
Komen:
Everything went according to my strategy, EURUSD fell as expected
