AlgoTradingGroup

EURUSD BULLISH ON DAILY

Long
FX:EURUSD   Euro / U.S. Dollar
Good afternoon traders,

We are resumining after 2-3 weeks of break as we were focusing on programming algorithms for hedge funds that got in contact with us.

Looking at EURUSD currently, we see that it has broken the struture on Daily time frame. We are now bullish on EURUSD.

We expect to enter buy trade on EURUSD as the area marked in grey. From the looks of the chart, it seems that price may give us opportunity to enter this trade tomorrow

We will update you all as price moves


Comment:
EURUSD and GBPUSD bias changed to bearish now🔻

FED raised rates yesterday and we see a heavy volume selling EURUSD & GBPUSD

USD remains strong🔺

COT data shows the same✅

We see sell opportunities on EURUSD & GBPUSD which we will share soon
Comment:


EURUSD current view🔻

NFP tomorrow. We expect a sell reaction from the area marked.

Trades will be taken in Live Copy Trading account of EURUSD and GBPUSD, which are also connected to Myfxbook

USD remains strong🔺


Trade active:
EURUSD running 🔺

Move SL to entry now

TP at 0.97888

Trade closed: target reached:
1:5 RR TP hit


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