Euro / U.S. DollarShort
EURUSD resistance stays at 1.1880/1.1900 levels
EURUSD has been drifting sideways before the much awaited fundamental event risk "Jackson Hols Symposium". Having said that intraday resistance remains around 1.1880/1.1900 mark. EURO is expected to hit fibonacci 0.618 retracement of its earlier drop from 1.1965 through 1.1754 around 1.1880/90 either today or tomorrow. A bearish reversal should be on cards thereafter. Ideally, 1.1965 should hold, if EURUSD bearish outlook has to prevail. Good to sell on rallies.
Remain short, stop @ 1.1970, 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, stop @ 1.1970, 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.
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.