LOOKING AT THE CALENDAR OF EVENTS USD RETAIL SALES EXPECTATION FAIL. I WAS WAITING FOR THE EURUSD TO CONTINUE TO MOVE DOWNWARD AFTER BREAKING THE MONTHLY SUPPORT @1.1743, BUT PRICE CLOSED ALWAYS ABOVE THE LINE. SO, OBVIOUSLY THE SELLER'S ARE AFRAID AND CLOSED THEIR POSITION, THEN TURN TO BECOME BUYERS. NOW, BUYERS ARE WAITING FOR THE USD RETAIL SALES TO CONFIRM THE EXPECTED REVERSE MOVE OF THE TREND. LOOKING THE CHART OF EURUSD FROM H4, H1 AND 5MINS 100&200MA, PRICE IS STAGNATED BEFORE THE NEWS RELEASED FOR ABOUT 15MINUTES. BUT, AS I NOTED THAT PRICE REMAINED ABOVE THE H1 20MA AND 5MINS 100&200MA. PRICED SHOULD BREAK THE RESISTANCE LINE @1.1876 TO CONFIRM THE REVERSE TREND.
FOR GBPUSD SEE TO THE IMAGE. THE PRICE WAVE IS OBVIOUS.
