Daily Outlook: No shortage of news today: sales, retail, employment, payrolls - you name it we have some of it tomorrow. For a full list you can view the calendar here. Given the volatility we've had this week, the multitude of event risks on the calendar and the fact that it is a Friday and the markets are coming to a close I will stay away from the EURUSD today. That being said, I am still bearish on the EURUSD and would look in the 1.4375-1.4400 area for a shorting opportunity if I were in the market today.
Trading Idea: Again, I am out of the EURUSD for reasons listed above. But if I were in I'd be looking below 1.4400 as a selling zone with targets at 1.4375, 1.4350 and 1.4310.
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