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Recap: No trades taken yesterday as reported. It was a pretty slow day in general with only our UJ trade being activated and the rest of the markets not moving too much after our daily analysis.
We are still overall bearish on EU as it has a series of lower highs and lower lows since late January (downtrend), but the daily uptrend is still intact and we will look to get long on a resistance break.
Today's Important News Events:
| Date | Time (UTC) | Event | Forecast | Previous |
|---|---|---|---|---|
| Thu Feb 21 |
13:30 | USD Consumer Price Index (YoY) (JAN) | 1.6% | 1.7% |
| 13:30 | USD Consumer Price Index Ex Food & Energy (YoY) (JAN) | 1.8% | 1.9% | |
| *To see a more extensive list of news events (not just those we consider important), visit our Forex Calendar. | ||||
Trading Idea: Long on a resistance break with a TP of 80 and a SL of 50.
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