Short

EUR/USD 18/07: The point of sale has appeared

Updated

24-Hour View: Yesterday, we noted that “current price action could be part of a consolidation phase” and we expect EUR to trade sideways between 1, 1190 to 1.1250. Our view on sideways trading is not wrong, although EUR trades in a narrower-than-expected range (1.1202/1.12448). We continue to expect EUR to trade sideways. However, the underlying trend has stabilized a bit and EUR is likely to trade in a higher range of 1.1215/1.1265.

Next 1-3 weeks: Not much to add to our update from last Friday (July 14, spot at 1.1225). As pointed out, although EUR could rise further, it is still too early to expect the price to rally to a 2022 high of 1.1495. Meanwhile, any further advance could face significant resistance at 1.1300 and 1.1400. On the other hand, a breach of 'strong support' at 1.1160 (previous 1.1145) would indicate that the EUR strength that started last Monday is over.

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NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest

Trade active

Omg, everything is going according to my plan, anyone can get the order in time 🟢🟢🟢

Trade closed: target reached

SELL 1.12755 => 1.2279. +50pip🟢🟢🟢Congrats to those who follow trading signals

Note

The market crashed as predicted by NOVA, can any of you following NOVA's currency bets relax for NOVA? 😘😘

Note

Everything goes according to Nova's judgment. Anyone keeping up with Nova's signal?

Nova-Scalper

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