EUR/USD Weekly Trade Idea for 4.1.2016 – 8.1.2016

There are 2 major news events that might change the EUR/USD course next week – The FOMC minutes on Wednesday and NFP payrolls on Friday.

Therefore we forecast that the EUR/USD will stay on range until the economic data releases. Afterwards there will be a good chance of seeing a break, either higher or lower.

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Trade Ideas:

Until the FOMC Minutes:
Buy Limit at 1.0810, TP 1.0860, SL 1.0790
Sell Limit at 1.0940 TP 1.0865 SL 1.10

After FOMC Mintues:
Buy Stop at 1.0950, TP 1.0990, SL 1.09
Buy Stop at 1.10, TP 1.1050, SL 1.0940
Sell Stop at 1.0800, TP 1.0645, SL 1.0905

EURUSD Trade Idea

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One Response to “EUR/USD Weekly Trade Idea for 4.1.2016 – 8.1.2016”

  1. admin says:

    Part one of the trade idea made 65 pips (85 pips on the Sell order minus 20 pips on the Buy order)

    Now that we after the FOMC it’s time for part 2….

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