EUR/USD for Monday and for long run.
Hu Xijin 胡锡进 tweeted:
Based on what I know, Chinese and US top negotiators didn't hold phone talks in recent days. The two sides have been keeping contact at technical level, it doesn't have significance that President Trump suggested. China didn't change its position. China won't cave to US pressure.
Anand (at 6:36 AM NY time, Monday): This tweet is in so harmony with Technical analysis. EUR/USD made a upswing on Friday, retraced today downward because of "calm negotiation thing" and gave an entry point at 1.118 (mid of WPP1.116 and FIB 38.2 of upswing on 1H i.e. 1.1120). Now this news will help to boos trade war and USD will weakens again, E/U will achieve target price 1.1180-90 i.e. WPP-FIB 61.8 Exp. on 4H.
Anand (at Londan starts): My buy limit was set at 1.1118 which is mid of FIB 38.2 (1.1120) and WPP (1.1116). My buy limit got filled in very first 1H candle of London session.
Anand (in weekend:) Trump increased tax by 5% on Chinese goods and this trade war situation weighed on $ in this weekend, price in XE already hovering around 1.12 and pretty stable above 1.1160 Therefore, I believe that market is gonna open with gap above 1160. Then I will seek for downward retracement for go long in short term to target FIB 61.8 exp. at 4H which also co-incodes with WPP, 1.1180-1188 area. And then I may enter short if I find any bearish candle pattern at 1H.