Forex Day Trading - EUR/USD


This is the 2Day 5Min Chart for EUR/USD
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There are 2 reports of HIGH importance due out today, the euro-zone CPI at 10am and the USD Consumer Confidence at 3pm.
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The market is currently trending sideways. A pending Buy order has been placed just above the Pivot point at 13158. A pending Sell order can be placed either at the 38.30% Fibonacci retracement at 13056 or just below S1 at 13007.

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