EURUSD analyse
According to the meetings of the American and European central banks last week, both of which were hawkish, the market was confused in this currency pair, but overall, the euro fell.
But the opinion of most analysts is that the Federal Reserve was much more hawkish than it intended, while the economic data shows the opposite. Therefore, according to the European economic data and comparing it with the American economic data, it can be said that we should still expect the rise of the euro against the dollar in the early months of 2023.
If the euro does not rise from the area where the price is currently located, we will wait for it to enter the specified range so that we can take a position. Because both the region has a good demand and it is near a good support line which has a flip mode and the price has reacted to it several times.
Capital management method:
In 1-to-1 RR, we are risk-free and withdraw 50% of the profit.
When it reaches RR one to two, we move the stop loss to the TP of the first point and below the pivot, and in the same way, we move with the price in different RRs.
But the opinion of most analysts is that the Federal Reserve was much more hawkish than it intended, while the economic data shows the opposite. Therefore, according to the European economic data and comparing it with the American economic data, it can be said that we should still expect the rise of the euro against the dollar in the early months of 2023.
If the euro does not rise from the area where the price is currently located, we will wait for it to enter the specified range so that we can take a position. Because both the region has a good demand and it is near a good support line which has a flip mode and the price has reacted to it several times.
Capital management method:
In 1-to-1 RR, we are risk-free and withdraw 50% of the profit.
When it reaches RR one to two, we move the stop loss to the TP of the first point and below the pivot, and in the same way, we move with the price in different RRs.
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.
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.