Here i come with the usual daily trading outlook:
Today, the U.S. stock market was closed and the same thing will be tomorrow. What comes from the daily chart of the pair eur/usd shows us a price consolidation in the 1.2900 area and an inside day price action formation. As mentioned in the weekly report i expect a trading signal on one of the major price bands between 1.3150 and 1.2800. It seems that, if price will break 1.2880 we can see a bearish move which has as its primary support zone precisely at 1.2800. If price, at that point, will show clear signs of tightness and will form a clear price action signal of my trading method I could buying euros and selling dollars. But for now we have to be patients. Patience is one of the best weapon you can use in trading the market. And everyone has it! So… use it!
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