EURUSD October 24 outlook Let's analyze what will happen on EURUSD, especially on this week. As we can see this pair still in down trend, maybe buy is not a good option trade. If you wanna buy in this pair, use a stoploss and open at right support level. There is two major forex pattern in EURUSD, channel down pattern and descending triangle pattern. At channel...
Short position : 1.1111 Stoploss : 1.1207 (96 pips) Takeprofit : 1.0860 (251 pips) R/r ratio = 1 : 2.61
EU - Potential short entry - All the Brexit things caused some big uncertainty in the EU. Other country may follow the example with a referendum. Since there worst thing for a market is uncertainty this should create some nice downside pressure. On top the ECB is getting more and more desperate pumping cheap money into the market to weaken the Euro even more...
TTIP trade talks: Greenpeace leak 'shows risks of EU-US deal' and may drive EU short to 1.12 this week. Secrecy encompassing the discussions has fuelled huge fears that US enterprises may dissolve Europe's consumer protections. The precautionary guideline can drive a producer to demonstrate the nonappearance of threat from a product. There have been protest...