The EUR/USD is expected to experience a short-term decline.
Every path we take in life is a kind of understanding. Along the way, we will encounter many people, and happiness is finding a warm person to spend a lifetime with. For relationships, perhaps the further away, the longer lasting they can be. In life, there are many things that we obtain and then forget. Ultimately, what accompanies us to the end of our memories are the things that we almost obtained but never did.
The fluctuation in the U.S. dollar index is actually quite normal, as the market needs this kind of fluctuation and requires a certain buffer. The market trend cannot rise directly and then plummet directly, as this will cause the market to collapse, especially since it is not a crisis stage now. Therefore, the current market does not have such a complex environment, causing the expected fluctuations and small oscillations that consume time, providing an opportunity for market adjustments.
In the face of this kind of fluctuation, the most appropriate operation is to buy low and sell high. However, this kind of pause state will not last too long because the important data - the announcement of the US non-farm payroll data for February - brought surprises and even shocks last month, and how will it perform tomorrow? It is certain that the announced non-farm data will attract the market's key attention and may even cause a chain reaction in the market, which is a well-known situation. Therefore, the market focus has been locked in advance, and today has naturally become a kind of rest before the important market trends, which can be considered the calm before the storm. Therefore, the possibility of fluctuation in today's market is very high, and the market trend will be relatively simple.
In summary, in the corresponding European and American currencies, it is possible to seize opportunities to sell short at high levels. Based on the market situation, the following suggestions are given for reference, subject to discretion:
Light position: Short at 1.0580, stop loss at 20 points, target at 1.0550 and 1.0530.
OANDA:EURUSD FOREXCOM:EURUSD
