EURUSD Forecast and Trade Idea :

The ” case ” between North Korea and US has been causing a lot of changes in the market dynamics over the past few days. Oil Prices  falls , GOLD ( as predicted ) moves up etc.

As the US Dollar is indecisive about the direction it wants to go , EURUSD pair hold steady with bulish undertone. Last few days we saw some attempts ( and we entered a short trade targeting 1.17000 ) to make a break through 1.17000 – 1.69500 region but price bounced back strongly.

Now we will look at EURUSD with Murrey Math Lines .

EURUSD H4 CHART :

Price reached to Major Pivot Reverse 1.17800  and is above the MA 50 . 1.18100 and 1.18400 are the resistance levels for intraday trading.

On D1 chart of EURUSD 1.18400 is also a major resistance level. It is possible the EURUSD to test 1.18400 today .

Our Trade For Today :

Long @ 1.17700

TP1 : 1.18100

TP2 : 1.18400

Good Luck

 
 
Summary

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