1. A good buy entry if price breaks above 0.75250 with T.P. @ 0.76750 & 0.77000 with S.L. 0.74300.
2. A good sell entry if price break below 0.74500 with T.P. @ 0.73300 with S.L. 0.7536. If the market breaks 0.73300, it may very well retest the 0.71700 level.
The pair is ranging and SMAs 50 and 200 is flat which suggest indecision.
Apart from the US President Inauguration this Friday, here are other events that can move the market. Alternatively, check forexfactory.com calendar.
Jan 18, Wednesday, 9:30PM, Ph Time, USD - Consumer Price Index m/m
Jan 18, Wednesday, 9:30PM, Ph Time, USD - Core Consumer Price Index m/m
Jan 19, Thursday, 4:00AM, Ph Time, USD - Fed Chair Yellen Speaks
Jan 19, Thursday, 8:30AM, Ph Time, AUD - Employment Change
Jan 19, Thursday, 8:30AM, Ph Time, AUD - Unemployment Rate
Jan 20, Friday, 9:00AM, Ph Time, USD - Fed Chair Yellen Speaks
2. A good sell entry if price break below 0.74500 with T.P. @ 0.73300 with S.L. 0.7536. If the market breaks 0.73300, it may very well retest the 0.71700 level.
The pair is ranging and SMAs 50 and 200 is flat which suggest indecision.
Apart from the US President Inauguration this Friday, here are other events that can move the market. Alternatively, check forexfactory.com calendar.
Jan 18, Wednesday, 9:30PM, Ph Time, USD - Consumer Price Index m/m
Jan 18, Wednesday, 9:30PM, Ph Time, USD - Core Consumer Price Index m/m
Jan 19, Thursday, 4:00AM, Ph Time, USD - Fed Chair Yellen Speaks
Jan 19, Thursday, 8:30AM, Ph Time, AUD - Employment Change
Jan 19, Thursday, 8:30AM, Ph Time, AUD - Unemployment Rate
Jan 20, Friday, 9:00AM, Ph Time, USD - Fed Chair Yellen Speaks
