Hello Trader friends,
EURUSD
Euro generated opportunities for longs since March '20 with the increasing abnormalities due to Covid-19 Pandemic.
Rising prices and Fed's quantitative easing escalated the inflation fear more than expected.
Provided economical and financial data might hint about economical recovery but there are enough concern that are persisting investor's mind.
Core CPI numbers can provide the evidence that rising prices are threating the recovery.
With these in mind, the price of Gold started to rise again due to Investors seek for safe instruments and recently DXY a significant support level of 90.
On the technical side, I observed an opportunity and price broke out the trendline. Don't forget price's possibility to retest the trendline again.
Linking up all these observations and technical analysis , I decided to long EURUSD regarding to below levels;
EURUSD
long strategy
Entry Point: 1.21750
1st Target: 1.28000
2nd Target: 1.34000
Stop Loss : 1.20750
Thank you and stay tuned for more strategies!
Please leave a like and comment what you think.
Trade safe and have a nice Sunday
EURUSD
Euro generated opportunities for longs since March '20 with the increasing abnormalities due to Covid-19 Pandemic.
Rising prices and Fed's quantitative easing escalated the inflation fear more than expected.
Provided economical and financial data might hint about economical recovery but there are enough concern that are persisting investor's mind.
Core CPI numbers can provide the evidence that rising prices are threating the recovery.
With these in mind, the price of Gold started to rise again due to Investors seek for safe instruments and recently DXY a significant support level of 90.
On the technical side, I observed an opportunity and price broke out the trendline. Don't forget price's possibility to retest the trendline again.
Linking up all these observations and technical analysis , I decided to long EURUSD regarding to below levels;
EURUSD
long strategy Entry Point: 1.21750
1st Target: 1.28000
2nd Target: 1.34000
Stop Loss : 1.20750
Thank you and stay tuned for more strategies!
Please leave a like and comment what you think.
Trade safe and have a nice Sunday