Currency Pair: EURUSD
Timeframe: H1
Date/Time of Signal: 27th January 2020 / 2330hrs (SGT)
Review:
With the Coronavirus getting worse in China and is slowly spreading around the world, currency markets are escaping risks and switching to “safe haven” assets such as US Dollar.
This evening at 5pm (SGT), German Ifo Business Climate deteriorated unexpectedly in January as the outlook darkened, suggesting that Europe’s largest economy got off to a slow start in 2020.
EURUSD is on a downtrend and have broken the support level of 1.1050.
Following the trend, trade signaled to sell EURUSD (Entry: 1.1018) with 3 Take Profit (TP) Targets (TP1: 1.0998, TP2: 1.0978, TP3: 1.0958) and Stop Loss (SL) at 1.1048.
Timeframe: H1
Date/Time of Signal: 27th January 2020 / 2330hrs (SGT)
Review:
With the Coronavirus getting worse in China and is slowly spreading around the world, currency markets are escaping risks and switching to “safe haven” assets such as US Dollar.
This evening at 5pm (SGT), German Ifo Business Climate deteriorated unexpectedly in January as the outlook darkened, suggesting that Europe’s largest economy got off to a slow start in 2020.
EURUSD is on a downtrend and have broken the support level of 1.1050.
Following the trend, trade signaled to sell EURUSD (Entry: 1.1018) with 3 Take Profit (TP) Targets (TP1: 1.0998, TP2: 1.0978, TP3: 1.0958) and Stop Loss (SL) at 1.1048.
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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.