Technicals: Low of the Week expecting likely price reversal
Fundamentals:the dollar could weaken further due to the stimulus package talks.
Trade Management: Place Stop Loss like 20-30 pips range. TP 1: 10Pips , TP 2: 20pips
Potential buy opportunity:
Technically: Previous support restest possible before further downward.
Fundamentals: USD may strengthen slightly before the continued weakness.
Always exercise proper risk management as this is not investment advice just a learning opinion.
Fundamentals: With US Elections down to the last four states, the results will definitely shake the markets but still USD Comes to a winner. Fundamentally the markets moved up and hence dollar weakens but when the dust settles dollar strength is anticipated.
Technically: The price is at a resistance level and been on a bullish run this week.
Technicals; RSI at overbought levels and the downward trend at the critical resistance level. Unless the weeks open on the upward trend continuation we have a great sell opportunity.
Exercise proper risk management, here we are expecting a handsome RR 1:5.
Technically price is at a level where you can only make a move once the market provides direction either upside on break of the resistance level OR downside on the reversal of this level.
Fundamentally; Euro is at crossroads which much happening on Brexit and US elections plus the stimulus debate that keeps coming up.
hence a wait and see approach for this pair.
Technical Analysis; EU at Resistance level and we expect to spike down to levels below 1.1800
Fundamentals; Euro has had spiked up on the positive German Manufacturing numbers, USD is at a critical point before the US Elections and has been on its low levels a rebound to risk-off may suffice.
Sentimentals; The levels of 1.1800-1.1900 have previously been sell...
Technical Analysis; A Sell idea on the GBPUSD on the 4HR based on the support and resistance levels with the trendlines.
Fundamental Analysis; With the Brexit negotiations not yet concluded we could potentially see a drop before a pump. On the flip side, the USD could experience strengthening before the elections.
Risk Management is critical on this pair...