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Eurusdforecast

EUR/USDs potential bottom for the dayHey tradomaniacs, market-depth so far looks like absoprtion is happening and bears are taking some of their profits after this strong move down. Currently passive buying at the bottom plus stop-loss-hunting could push price up providing a nice opportunity to buy with a tight stop-loss. AS ALWAYS - IT IS VERY RISKY to trade against the strong momentum to the downside!! More risk-off in equities and things can quickly change. ;-) And wait for momentum / Confirmations! Watching this level carefully
Long
by Trading2ez
1
EURUSD AnalysisGood Morning Traders, Hope you had an amazing weekend. Above is our EURUSD Analysis: HTF- EURUSD is visibly bearish; we are expecting one more leg to the downside where the EUR and the USD would be par at 1.000 for the first time since +20 years . LTF- we do see a potential long opportunity from current price to 1.7000-1.8000 where we would subsequently take a short from there if opportunity arises. Let us know if you have any questions or if you share the same analysis. Your feedback means a lot to us. Let us make the most out of this week. God Bless, ETGL TEAM 💛
by Eleventgl