You should be looking at the DXY, as at the time of writing, DXY at 96.36 rallying from weekly support, the target is our next weekly resistance at 96.8437. This just means the dollar will rally for a coming couple of days. Okay then, now we're looking to make some trades on EURUSD, please note that we spotted this trade yesterday and took off 0.23% on the downside. We're still on 0.20% profit of 0.56 Standard Lots and we wish to add one more position. Looking at the 15 minutes chart. Price went below yesterday's low and Is currently rallying to what we call support == resistance.
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Thanks for reading!
If you find this helpful, please like and follow, we'll keep you updated with signals and market analysis on FX and CRYPTO.
Trade active:
Trade didn't get to my trigger zone, entered trade manually.
Trade closed: stop reached:
The market moved in the opposite direction. Seems a risk-off on DXY Resistance is not so smart.
Stop-loss @30pips
Target @90pips or We get a strong rejection when the price approaches 96.8437 on DXY