DESCRIPTION:
At the early session this currency has got pressure because the German Retail Sales m/m and the French Consumer Spending m/m and entered the red zone, but at last after the German Unemployment Change got a positive result this pair continued its upside movement, although all the technical indicators still indicate a healthy bullish sentiment like all the three Moving Averages still have a "Golden Cross" Pattern formation. However, please pay attention for today's US Non Farm Payrolls and the US Unemployment Rate.
Recomendation:
BUY stop pending order at 1.3628.
Take profit 1 is at1.3648.
Take profit 2 is at 1.3681 (Optional).
Stop loss is at 1.3595.
Or
SELL stop pending order at1.3599.
Take profit is at 1.3585.
Stop loss is at 1.3609.
Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
https://instaforex.com
E-mail: Arief.jakarta@indo.instaforex.com
Disclaimer:
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
