TECHNICAL & NEWS ANALYSIS: EUR JUMPED ON ECONOMIC DATA, BUT TRADERS WAITING TO GO SHORT

Suddenly EUR/USD gone up after better than expected data of GBP NIESR GDP Estimate and worse than expected data of  USD JOLTs Job Openings and USD Wholesale Inventories (MoM).

Source: metatrader4.com

If the upcoming USD economic data come positive, EUR/USD may go little bit upper. But traders should wait for a suitable position to go short on EUR/USD. EUR/USD technically on short position and high voletile USD data are expected to come better. I do not think EUR/USD will cross its previous high.
 

Published @ 3:38 PM, Tuesday, March 11, 2014 (GMT)