A long position on EUR/USD was initiated based on bullish sentiment driven by strong economic data and optimism about the Eurozone's recovery. Technical indicators, such as a breakout above key resistance levels and positive momentum, supported the decision. Furthermore, the anticipation of monetary policy convergence, with the European Central Bank signaling potential tightening measures while the Federal Reserve adopts a more cautious approach, indicated potential for EUR appreciation against the USD.
Note
Entry: 1.0895 (there might be some entries below that point, if the price will go down) Stop Loss: 1.08721
Take profit: 1.09223
Note
+ one more long entry 1.0888Average ± 1.0891
Trade active
Trade active
Trade active
Trade active
Trade closed manually
Closed: 1.0881Loss: -10pips
Not clear situation after Friday's outrage. Better to take a small loss and see what happens.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.