Gold exceeded $2.000 per ounce. Stock futures rose on Wednesday as investors awaited further updates on stimulus talks.
How to trade EUR/USD?
EUR/USD will likely trade within the range in stayed in yesterday. The 100-period MA on the H4 (1.1225) supports the pair. As long as it stays above this line, it will have an opportunity to rise to 1.1300 (short-term resistance line; 50-period MA). The further way to the upside, however, will be difficult. The pair will likely meet resistance in this area and reverse to 1.1200. The break below the latter is needed to open the way down to 1.1100.
Trade idea for EUR/USD
BUY 1.1265; TP 1.1300; SL 1.1245
SELL 1.1300; TP 1.1230; SL 1.1325
US stocks are set to open lower Friday, with investors worry over rising tensions between the US and China, deadlock over the next virus relief bill and possible disappointments from the key monthly employment report.
The pair was falling down amid the waning US dollar. However, the situation changed this month.
Dollar continues to keep firmer on the day, all eyes on the US jobs report later.