Investing.com – The dollar turned lower against the other major currencies on Friday, pulling away from a two-month peak after U.S. employment data for September disappointed analysts’ expectations.
EUR/USD rose 0.39% to 1.1193, off the two-month low of 1.1104 hit earlier.
According to the above information above the data out of the U.S was disappointing and affected the strength of the dollar against other currencies on Friday.I will have to wait and see how the dollar performs when market opens to identify more opportunities.
1. Always determine support & resistance which are indicated in the green & pink bars.
2. Market direction is indicated by 21 & 55 EMA.
3. Direction of price is indicated by 5 & 8 moving averages & stochastic cycles.
5. Golden rule: we sell high at resistance & buy low at support