Technically:
On EURUSD we have downtrend since 1.1100, for next week will keep our bias and looking to buy.
With an entry around 1.0824, with a target of 1.0900 and 50 pip stop loss. Risk is below 1% of account equity
Fundamentally
EURO we had positive PMI coming out of germany on Friday but no real move.
USD released some negative PMI news and USD weakened. Other than that we have no change in the corona virus to the better, as it's still unknown the magnitude of the economic downside. The market is still run by fear and not fundamental drives and central bank policies.
Our results this week:
-1% on EURUSD.
On EURUSD we have downtrend since 1.1100, for next week will keep our bias and looking to buy.
With an entry around 1.0824, with a target of 1.0900 and 50 pip stop loss. Risk is below 1% of account equity
Fundamentally
EURO we had positive PMI coming out of germany on Friday but no real move.
USD released some negative PMI news and USD weakened. Other than that we have no change in the corona virus to the better, as it's still unknown the magnitude of the economic downside. The market is still run by fear and not fundamental drives and central bank policies.
Our results this week:
-1% on EURUSD.
Comment:
Target hit!
Trade closed: target reached