Good day traders, welcome to another weekly analysis by ChinSengFx and I hope you all are having a great week ahead.
Let's talk about EURUSD, as you all know, European Union efforts to agree on stimulus package has been a challenging effort for all EU leaders. Therefore, the strength of EUR will be directly impacted.
Based on technical perspective, EURUSD has reached the previous high on March 2020. A push to the downside (favorable to 1.13353) is most likely. We will be looking at bearish reversal candlestick to form before going into the trade.
Entry Price: 1.14481
SL: 1.1503
TP: 1.13353
Risk:Reward Ratio: 1:2.11
Always enter a trade with clear direction and manage your risk per trade well. It's always you versus yourself in the market.
Happy trading!
Let's talk about EURUSD, as you all know, European Union efforts to agree on stimulus package has been a challenging effort for all EU leaders. Therefore, the strength of EUR will be directly impacted.
Based on technical perspective, EURUSD has reached the previous high on March 2020. A push to the downside (favorable to 1.13353) is most likely. We will be looking at bearish reversal candlestick to form before going into the trade.
Entry Price: 1.14481
SL: 1.1503
TP: 1.13353
Risk:Reward Ratio: 1:2.11
Always enter a trade with clear direction and manage your risk per trade well. It's always you versus yourself in the market.
Happy trading!