Good day, dear traders! Congratulations to those who took advantage of the trading idea to buy the EURUSD pair after the release of weak inflation data and held deals until the breakdown of the double top of 1.11500.
Let me remind you that the idea was to work out a series of negative news from the United States. The basis was taken from the weak NFP on January 10, which gave the first long-term impulse, then I recommended buying on weak CPI inflation, which was released on Tuesday.
Plan:
Adjustment:
Profit-taking was made on the so-called "platform" with sellers' stops, on the double top on January 13 and 14, which corresponded to the quote of 1.11470 and 1.11500 - the round level.
Today, important news on retail sales in the United States at 14:30 and the speech of the ECB President Christine Lagarde at 19:00.
Good luck with trading and control your risks!
