EURUSD: Market Volatility Persists
Updated
EURUSD Timeframe: 1D
Direction: Short
Confluences for Trade:
- Waning bullish momentum
- Price action at Resistance of Parallel Channel
- Price close to a Horizontal Resistance Line
- Price reversing off a retracement of the 38.2% Fibo line
- Stochastic Overbought momentum
- Fundamentally, EU-Italy impasse still remains and concern about global growth outlook creating abit more volatility in the markets
Suggested Trade:
Entry @ Area of Interest 1.1415 - 1.1475
SL: 1.1509
TP: 1.1278
RR: Approx. 2.01 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Trade active
Note
Lock in half profits and move SL to BE.Run remaining position totally risk free.
Trade closed: target reached
:D
Disclaimer: The personal opinion above does not constitute as an investment advice. Any decisions taken based on the above opinion is purely at your own risks. DYOR.
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