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Nyerobobs
Nov 12, 2020 4:42 PM

EURUSD BUY SETUP Long

Euro Fx/U.S. DollarFXCM

Description

WITH LOTS OF FUNDAMENTALS AFFECTING THE MARKET OF LATE I THINK EURUSD HAS GRADUALLY BEGAN TO CORRECT IT SELF
INITIALLLY EURUSD WAS IN AN OVERALL UPTREND BUT WITH VACCINE NEWS FORCING THE DOLLA TO GAIN SILIGHLY BROKE THE BULLISH SLIDE AS EURUSD WAS INITAILLY AIMING TO BREAK ITS MOJOR RESISTANCE ZONE


DIFFERENT TECHNICAL CONFLUENCE LIKE THE 20,50 AND 200 EMA ,COMPLETE REJECTION OF MAJOR SUPPORT ZONE ALSO MATCHING WITH THE 0.5 FIBONACCI LEVEL MIGHT PROOVE TO BE NICE TRADING INDICATORS HERE.


Trade closed: target reached

Comments
Nyerobobs
We hit our take profit on this at the 1.1890 point
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