retail trade volume in France

Analysis of transactions and tips for trading EUR/USD Further decline became limited because the test of 1.0503 coincided with the sharp drop of the MACD line from zero. No economic data for the eurozone will affect market volatility ahead of important labor market reports, except for the data on industrial orders in Germany, trade balance in Italy, and retail trade volume in France. However, they will unlikely have much impact on the market.   For long positions: Buy when euro hits 1.0552 (green line on the chart) and take profit at the price of 1.0595. Growth will occur amid weak US labor market data. Note that when buying, the MACD line should be above zero or rising from it. Euro can also be bought after two consecutive price tests of 1.0524, but the MACD line should be in the oversold area as only by that will the market reverse to 1.0552 and 1.0595. For short positions: Sell when euro reaches 1.0524 (red line on the chart) and take profit at the price of 1.0475. Pressure may return, but they will not occur in the morning. Note that when selling, the MACD line should be below zero or dropping down from it. Euro can also be sold after two consecutive price tests of 1.0552, but the MACD line should be in the overbought area as only by that will the market reverse to 1.0524 and 1.0475.     Thin green line - entry price at which you can buy EUR/USD Thick green line - estimated price where you can set Take-Profit (TP) or manually fix profits, as further growth above this level is unlikely. Thin red line - entry price at which you can sell EUR/USD Thick red line - estimated price where you can set Take-Profit (TP) or manually fix profits, as further decline below this level is unlikely. MACD line- it is important to be guided by overbought and oversold areas when entering the market