EURUSD could resume counter trend rally through 1.1900 handle
EURUSD has dropped lower through 1.1778 levels today. The currency might break below 1.1754 first, before reversing. The drop from 1.2010 looks complete as an impulse as fresh lows are carved. If the above is correct, we should see a counter trend materialize soon towards 1.1900 handle if not higher. The fibonacci resistance of entire drop between 1.2010 and 1.1778 could be near 1.1900 levels. Good to sell on rallies from here on.
Remain short from here, stop @ 1.2030/40, target is open.
Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.
Remain short from here, stop @ 1.2030/40, target is open.
Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.