EUR/USD Daily time frame chart

Market news

2 January 2018

EUR/USD Daily time frame chart

On daily time frame chart, we can see that there is a chart pattern (Head and shoulders) which the price has already broken the neckline.

However, it may be interesting to trade when the price starts to correct its movement.

Therefore, our suggestion is to wait for the retest of that neckline in order to enter long in this pair.

United Kingdom: Purchasing Manager Index Manufacturing , December 56.3 (forecast 58)

Eurozone: Manufacturing PMI, December 60.6 (forecast 60.6)

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.