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Hello Traders,
At the beginning of the day there has been a weakening of the euro against the dollar. It was a correction (wave BC) of the previous strong strengthening of Euro against USD (wave AB). The adjustment ended around 38.2% Fibonacci level. It was caused by better-than-expected data from the Trade Balance and ADP Non-Farm Employment Change. Later there was a strong growth impulse wave CD induced ECB press conference and the publication of worse-than-expected data from the ISM Non-Manufacturing PMI. Completion of the CD wave completed at the 127.2% Fibonacci level of wave AB.
Today I had 3 three trades on EUR/USD:
1th: -21.6 pips,
2th: -24.7 pips,
3th: +89.2 pips.
Result: +42.9 pips profit
Best All and Good Luck.
At the beginning of the day there has been a weakening of the euro against the dollar. It was a correction (wave BC) of the previous strong strengthening of Euro against USD (wave AB). The adjustment ended around 38.2% Fibonacci level. It was caused by better-than-expected data from the Trade Balance and ADP Non-Farm Employment Change. Later there was a strong growth impulse wave CD induced ECB press conference and the publication of worse-than-expected data from the ISM Non-Manufacturing PMI. Completion of the CD wave completed at the 127.2% Fibonacci level of wave AB.
Today I had 3 three trades on EUR/USD:
1th: -21.6 pips,
2th: -24.7 pips,
3th: +89.2 pips.
Result: +42.9 pips profit
Best All and Good Luck.
