In addition to my previous post which was forecasting a test of 1.15000 and last years August 2019 resistance has demonstrated Euro residence on a risk off day with all major indices down (Airlines and Retail the dominant forces in the sell off).
On a basis of euro stimulus and 2nd wave outbreak in the US this could be seen to be a golden opportunity to test the 1.15000 mark. However, safe haven risk off trading could put the ball in the dollars hands.
Trade Idea:
I would be keen to see if EUR/USD can maintain the upper tier of 1.13000 level with placement of stop loss below the 1.13400 level which it has struck over the past 24 hours and managed to bounce up.
TP placed depending on stability above the 1.14000 at either 1.14400 or 1.15000.
On a basis of euro stimulus and 2nd wave outbreak in the US this could be seen to be a golden opportunity to test the 1.15000 mark. However, safe haven risk off trading could put the ball in the dollars hands.
Trade Idea:
I would be keen to see if EUR/USD can maintain the upper tier of 1.13000 level with placement of stop loss below the 1.13400 level which it has struck over the past 24 hours and managed to bounce up.
TP placed depending on stability above the 1.14000 at either 1.14400 or 1.15000.