Euro / U.S. DollarShort
Plan Week EURUSD
FUNDAMENTAL ANALYSIS
Eurusd Gave up intraday gains and silipped beliw 1.1100 after hitting a fresh weekly high of 1.1150 during friday's north American session.
The board currency pairs, gains were offset by a solid recovery in the US Dollar (USD).The US dollar index DXY which tracks the Greenback Against six major currencies,rose to near 101.40 after reversing intraday losses .
Sign of slowing labour demand have fuelled market expectation that the Federal reserve could start cutting interest rates Aggressively .
TECHNICAL ANALYSIS
The Bounce and high of 1.115 has created a new channel for EURUSD(bearish channel) shows the bull Trend is not strong as last week and that a trend reversal is in order,
Support:- 1.101-1.095
Resistance - 1.115-1.119
(TRADE SETUP)
SELL ZONE :- 1.119-1.121 with stoploss 1.123
BUY ZONE :- 1.095-1.093 with stoploss 1.091
Wishing you a best trading Week💙™️
Eurusd Gave up intraday gains and silipped beliw 1.1100 after hitting a fresh weekly high of 1.1150 during friday's north American session.
The board currency pairs, gains were offset by a solid recovery in the US Dollar (USD).The US dollar index DXY which tracks the Greenback Against six major currencies,rose to near 101.40 after reversing intraday losses .
Sign of slowing labour demand have fuelled market expectation that the Federal reserve could start cutting interest rates Aggressively .
TECHNICAL ANALYSIS
The Bounce and high of 1.115 has created a new channel for EURUSD(bearish channel) shows the bull Trend is not strong as last week and that a trend reversal is in order,
Support:- 1.101-1.095
Resistance - 1.115-1.119
(TRADE SETUP)
SELL ZONE :- 1.119-1.121 with stoploss 1.123
BUY ZONE :- 1.095-1.093 with stoploss 1.091
Wishing you a best trading Week💙™️
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