Good morning traders,
On 28 of March, EUR/USD began a downward correction but seems it has found some support around 50-day moving average @1.0658 as it began to consolidate in a well defined range.
On the fundamental side, this is the mother of whole weeks with Draghi, ISMs, FOMC minutes and the NFP.
With all that in mind my plan is enter long @ buy zone 1.0645 down to 1.0642, Stop and reverse @ 1.0635 and enter short @ sell zone 1.0680 up to 1.0685, Stop and reverse @ 1.0685.
On 28 of March, EUR/USD began a downward correction but seems it has found some support around 50-day moving average @1.0658 as it began to consolidate in a well defined range.
On the fundamental side, this is the mother of whole weeks with Draghi, ISMs, FOMC minutes and the NFP.
With all that in mind my plan is enter long @ buy zone 1.0645 down to 1.0642, Stop and reverse @ 1.0635 and enter short @ sell zone 1.0680 up to 1.0685, Stop and reverse @ 1.0685.
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