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EUR/USD Signal - USD Initial Jobless Claims - 18 Feb 2021

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Signal Details
Entry Price: 
1.2045
Take Profit: 
1.2120
Stop Loss: 
1.2010
Direction: 
Buy
How we trade
Average: 4 (2 votes)

EURUSD is finding support today prior to the USD Initial Jobless Claims Data, which shows the number of people applying for unemployment benefits for the first time. Technically the pair is finding support at the 61.8% fibo level & broken trendline and we anticipate continued upside into the 1.2120 level.

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Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.