EUR/USD:SELL From Resistance Area For A New SHORT Setup

EUR/USD inside a Sideways area today can have a reversal from the upper-side resistance area where the price in the last sessions had already rebounded several times. Today there is the US Unemployment Claims that measure The number of individuals who filed for unemployment insurance for the first time during the past week, Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country's monetary policy.
The Stochastic indicator is in the overbought area and we are looking for a new reversal on the lower side of the chart.

Yorum: