EURUSD sell trade
EURUSD
*The more and more cases were tested positive in corona virus infection
*And the market forecasting/expecting a rate cut from ECB,this will further weaken the Euro against all the pairs.
*Now its currently trading at 1.11000 level which is 61.8% Fibonacci level
*As the downtrend chart patterns shows as further falling of this pair is inevitable
*We can open short positions at 1.11420 level which is 50% Fibonacci level
*And the potential take profit will be 1.09325 which is 78.6% Fibonacci level
*Stop lose may placed above 1.12300 level
*Please leave your valuable comments below
EUR/USD pivotal points
S3 1.1026
S2 1.1064
S1 1.1084
P 1.1101
R1 1.1122
R2 1.1138
R3 1.1176
*The more and more cases were tested positive in corona virus infection
*And the market forecasting/expecting a rate cut from ECB,this will further weaken the Euro against all the pairs.
*Now its currently trading at 1.11000 level which is 61.8% Fibonacci level
*As the downtrend chart patterns shows as further falling of this pair is inevitable
*We can open short positions at 1.11420 level which is 50% Fibonacci level
*And the potential take profit will be 1.09325 which is 78.6% Fibonacci level
*Stop lose may placed above 1.12300 level
*Please leave your valuable comments below
EUR/USD pivotal points
S3 1.1026
S2 1.1064
S1 1.1084
P 1.1101
R1 1.1122
R2 1.1138
R3 1.1176
Trade active
Sell limit got triggered now
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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.
Related publications
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.