Eurusd is trading in a channel, in the bigger picture W1 we see a downtrend but since march the pair is in a no-trend phase; so we can easily see support and resistance (in red). Market has tried to stop traders on 24th april when a Stop Hunting was created (a fake breakout); Bulls are going to open positions at these levels and the price will be pushed up at around 1.0980 in near-term.
Let's see how market develops, anyway pay attention at any breakout of 1.0773, if it is true it is better to close any long trade because price could turn towards 1.0635. Fundamentally euro is still weak but USD is overrated, even if Powell said that negative rates are not on the table for the future the inflation is coming to 0% this year, the lowest in a decade.
Use an appropriate money management and enjoy your trading.
Follow me to get free signals
Francesco
Let's see how market develops, anyway pay attention at any breakout of 1.0773, if it is true it is better to close any long trade because price could turn towards 1.0635. Fundamentally euro is still weak but USD is overrated, even if Powell said that negative rates are not on the table for the future the inflation is coming to 0% this year, the lowest in a decade.
Use an appropriate money management and enjoy your trading.
Follow me to get free signals
Francesco
Trade active:
The trade is open: bought at 1.08075
Trade closed manually:
Close your trade with + 140 pips in profit!!!!!
Enjoy your trading and join my telegram group
t.me/tradingH24
Enjoy your trading and join my telegram group
t.me/tradingH24