Wait for the open of the EU market and news to decide position, it's better to enter a bit later with confirmation. Beware of US market open for trend reversals or extra momentum.
If you haven't catch the boom on 28th November to go bullish, you might still be able to, as EUR and EU stocks have been undervalued, if you notice movement up ride the trend.
Don't expect a long ride, take profits on highs and buy lows.
For daytrade look for:
TP: 1.14160
TP2: 1.14542
SL: 1.13550
Fundamentals
After the news from Fed it's clear that the hike rate will slow down, weaking the USD which means the pair
EURUSD
will get bullish on long term. I still believe that we'll have a hike on December, while the 2019 GDP slowdowns might make Fed stop the hikes.
Although EU is not without problems, Brexit unsolved and Italy debt issues, be mindful that these issues have been already factored in the stocks and forex all year long and financial instutions have been preparing for it for a while now, while USD has been bullish all along.
PS: This is my first post in here :D
Still understanding how this works.
Feedback appreciated.
If you haven't catch the boom on 28th November to go bullish, you might still be able to, as EUR and EU stocks have been undervalued, if you notice movement up ride the trend.
Don't expect a long ride, take profits on highs and buy lows.
For daytrade look for:
TP: 1.14160
TP2: 1.14542
SL: 1.13550
Fundamentals
After the news from Fed it's clear that the hike rate will slow down, weaking the USD which means the pair
EURUSD
will get bullish on long term. I still believe that we'll have a hike on December, while the 2019 GDP slowdowns might make Fed stop the hikes. Although EU is not without problems, Brexit unsolved and Italy debt issues, be mindful that these issues have been already factored in the stocks and forex all year long and financial instutions have been preparing for it for a while now, while USD has been bullish all along.
PS: This is my first post in here :D
Still understanding how this works.
Feedback appreciated.