EURUSD just started moving as expected, quick Timeframe breakdown for free and everybody.
4 HOUR Pullback and strong bearish movement to 50% of previous X-A Wave
DAILY Consideration Zone looking forward new highs as market is oversold
WEEKLY Overall Bearish but market moving sideways and considerating for now!
LEVELS BUY EURUSD @ 1.16630 SL @ 1.15750 (85 Pips) TP1 @ 1.17650 (100 Pips) TP2 @ 1.17920 (130 Pips) MOVE SL TO BE @ HIT OF 88.6 FIB! Weekly Wave Swing, Close 3/4 Position at Hit of TP1!
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The EURUSD rate breaks again below the previously exceeded resistance zone and I think it looks very much like a breakout. Thus, from a purely technical perspective, the longer-term consolidation would be intact again. On the daily chart, the next target could be $ 1.16 per euro. There is also the lower trend line, which marks the secondary, since early 2017 existing upward trend. Falling below the trendline could push the EURUSD back towards the horizontal support line at $ 1.1500. Some influencing factors currently appear to weigh on the euro. On the one hand, the US dollar generally gains in value as a safe-haven currency for trading-conflict reasons, and therefore also against the euro. On the other hand, some monetary policy statements have spread some uncertainty. For example, an ECB report on Wednesday revealed that there was disagreement within the European Central Bank as to when the actual rate hike should occur in 2019. In addition to this aspect, the ECB minutes appeared on Thursday, but the barely "hawkishe" statements included, so broadly confirmed what they said in the statement and after the euro had collapsed against the USD.
Fundamentally, economic data are few and far between this week. The focus was on the ZEW indices, which turned out to be more than just bad, but also well below expectations. The ZEW Indicator of Economic Trends plummeted for the fourth month in a row, the strongest of all four months.
Hello
trade insurance or not !!!
Thanks for the answer
DACapitalTrading
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@NelsonSantosMota, Hard to say, hedging is not a part of our strategy we hold onto our trades and let other pairs win bigger while some are loosing small.
Fundamentally, economic data are few and far between this week. The focus was on the ZEW indices, which turned out to be more than just bad, but also well below expectations. The ZEW Indicator of Economic Trends plummeted for the fourth month in a row, the strongest of all four months.
image.ibb.co/kXfbu8/ZEW_DE.png