How to use the strength in Euro to make some extra cashFundamentals:
This morning 7:45 am NY time the European Central Bank had a meeting and The central bank said it expects its key interest rates to remain “at their present or lower levels” at least through the first half of 2020. They went on to discuss how they intend to reintroduce a Quantitative easing program. Additional info can be found here www.cnbc.com
Technicals:
Daily:
Slight downtrend but mostly sideways the last couple months
price was approaching a significant zone it appears as though it has bounced off it many times
Intraday:
downtrend
huge spike up after news event
bought into the spike then it fell
I purchased an additional tier as the price began to recover
longer-term swing trade attempting an 8% return with 4 % risk. this may be too much risk but I will set my SL for one of the positions on a 1.11300
Entries: 1.11658, 1.11491
SL:1.11300, 1.1065
Tp:1.1200, 1.13600
