Trading strategy for EURUSD - The best moment to open and close positions
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After the most important event for this month (U.S. Nonfarm payroll) follows close of the short positions. The report for the U.S. economy was positive and the dollar gain in the first half an hour. After that the EURUSD found very strong support at 1.0900 and rise above 1.10.
There are not important events from United States this week. The most important event this week is ECB Interest rates at 12:45 GMT on Thursday and the Press Conference at 13:30 GMT. The other events that World-Signals.com will focus are GDP for EuroZone on Tuesday at 10:00 GMT, Germany Trade Balance at 7:00 GMT on Thursday and CPI for Germany at 7:00 GMT on Friday.
The first very strong support for EURUSD is at 1.0900 as the resistance is at 1.1045 and 1.1100. The technical indicators show bullish. The World-Signals.com trading strategy this week is to wait for levels below 1.0970, 1.0940 for EURUSD long positions with target 1.1100 and 1.1160.