| Trade Idea EUR/USD intraday: the upside prevails. |
Pivot: 1.2590.
Our Preference: LONG positions above 1.259 with targets @ 1.265 & 1.267. Alternative scenario: The downside penetration of 1.259 will call for a slide towards 1.256 & 1.252. Comment: the pair remains on the upside and is challenging its previous high. |
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Euro Tumbles Following ECB Press Conference
Despite the unveiling of the ECB’s plans to lower borrowing costs in the euro-zone yesterday, the euro fell against most of its main currency rivals during afternoon trading, after it was announced that growth-forecasts in the region have been reduced. Today, traders can anticipate significant market volatility when the US Non-Farm Payrolls figure is announced at 12:30 GMT. The Non-Farm figure is widely considered the most important economic indicator on the forex calendar and its impact is generally felt throughout the marketplace.
Disclaimer The analysis we provide is based on the average estimate of price movements in one day. Does not guarantee what we deliver is actually a proper and correct. Everything that happens in the decisions you make on your trading transaction is to be Your responsibilities. Visit Us www.deryworldscorp.web.id
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