EUR/USD ANALYSIS: 09/09/18


Last week, the fundamental analysis of EUR was not good while U.S was good, so we saw a EUR/USD was down 100 pips.

This week, the EUR has Interest Rate Decision on Sept. 13, which may cause a volatile.

For the Technical Analysis, the EUR/USD has formed Descending Triangle right now.
With many Big News this week, I has developed two strategies to play with this pair:

- Strategy 1: Price is tested the previous bottom at  around 1.1550 level, if it is valid, the pull back near the trend line is possible. So I will trade inside a triangle range for some profit.

- Strategy 2: We can wait the breakout below 1.1550 to sell, and the target may be aroud 1.1505 for short term.

For reference: My system has a sell signal right now.

EUR/USD ANALYSIS
My forex anlysis  philosophy is to follow the trend not to predict the trend, so we should pay attention if the market has big News like this week.