EUR/USD: Simple Trading Tips for Beginner Traders on July 18. Analysis of Yesterday's Forex Trades
EUR/USD: Simple Trading Tips for Beginner Traders on July 18. Analysis of Yesterday's Forex Trades
Analysis of Trades and Trading Tips
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Analysis of Trades and Trading Tips for the EuroThe test of the 1.1575 level occurred when the MACD indicator had already moved significantly below the zero mark, which limited the pair's downside potential. For that reason, I did not sell. A second test of 1.1575 while the MACD was in oversold territory allowed for the execution of Buy Scenario #2, which resulted in a 25-pip rise in the pair.Yesterday's strong U.S. retail sales data for June supported the dollar. The
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