EUR/USD trading plan ahead of release of two important data | Keon Consultancy
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EUR/USD trading plan ahead of release of two important data

  • Writer: Keon
    Keon
  • 10 hours ago
  • 1 min read
  1. The EUR/USD has halted its upward movement at the resistance level.

  2. The USD index has fallen below the neckline.

  3. If unemployment claims exceed the forecast, the USD will weaken further, causing the EUR/USD to break through the resistance zone and rise by at least half of its average daily movement range.

  4. If unemployment claims are lower than expected, the USD will strengthen, and the double top pattern may be invalidated despite an already occurring valid break. The failure of a classic double top will form an Oops pattern, and the EUR/USD will drop by at least half of its average daily movement range.

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