News event for the day that could affect this trade

. (USD) FOMC Minutes
. (USD) Jobless Claims
. (USD) FOMC Member Williams speech
. (USD) Trump-Xi Jinping meeting
. (EUR) ECB President Draghi’s Speech
. (EUR) ECB Monetary Policy Meeting Accounts



EURUSD had huge drop last week and price is currently consolidating around MPP level. I'd go into smaller TF and look for selling opportunity towards daily trendline.


On hourly, price is trading in a tight range. I'm biased to the downside, so I'd be selling whenever price is at the top of the range. My 1st TP target would be bottom of the range and 2nd target at daily trendline

One thought on “EURUSD Daily Sell Setup – 06th Apr 2017”

  1. Teboho Faro says:

    Love you analysis man.

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