EUR/USD Day Trade

A person reported on Fxstreet to European interest rates. euribor crossed eonia in some certain way. Well this is useless information to EUR/USD day trade on this day.

EUR/USD From USD Interest Rates day trade today

 

                                 EUR/USD
Long Short Line 1.1766
 most Important 1.1716 and 1.1731 Vs 1.1773, 1.1781, 1.1788, 1.1796, 1.1811, 1.1818 and 1.1826
 Bottom. 1.1706 achieves by 1.1736 and 1.1721
 Upper target 1.1826
 Continuation fail 1.1796
 Break Point 1.1636
                      EUR/USD From ECB Interest Rates today for day trade
                                 EUR/USD
Long Short Line 1.1766
 most Important 1.1747 and 1.1755 Vs 1.1773, 1.1781, 1.1788, 1.1796, 1.1811, 1.1818 and 1.1826
 Bottom. 1.1706 achieves by 1.1736 and 1.1721
 Upper target 1.1826
 Continuation fail 1.1796
 Break Point 1.1636
 Difference? 1 pip discrepancy to bottom. ECB has 1.1706 and 1.1707 while USD Fed has 1.1706. negligible.
Most Important 2 bottom points.
USD Fed has minus 50 and 36 pip supports. ECB has minus 19 and 11.
 Break down Fed further, we have 25 and 18 pip supports.
 However, both supports are located within today’s EUR/USD price path so nothing changed to EUR/USD despite the wasted words to Eonia/ Euribor cross over. God help these people
                                      Brian Twomey

 

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