Continue strategy, goal 500 pips
Updated
Hello dear friends, another week of trading has come to a close. Let's summarize the past week's transactions with Karina and discuss our new strategy!
As Karina mentioned in last week's analysis, the EUR is currently in a recovery phase with a corrective trend, receiving support at the level of 1.055. However, breaking through the resistance at 1.070 seems challenging and remains the target.
Currently, at the end of this week's trading, the EUR has temporarily halted at the level of 1.055, and there are no signs yet of a reversal in trend for this currency pair. It appears that the downward trend has officially resumed after last week's sideways movement. According to the Fibonacci tool from Trading View, after a recovery phase reaching the 0.5 level (1.070), prices have started to decline again.
Karina still holds a strong belief in the downward trend for the coming week. Once the current support level is broken, there will be nothing to stop the EUR from plunging deeper. What are your thoughts on this perspective?
If you enjoyed this article, don't forget to leave Karina a like and a review!
As Karina mentioned in last week's analysis, the EUR is currently in a recovery phase with a corrective trend, receiving support at the level of 1.055. However, breaking through the resistance at 1.070 seems challenging and remains the target.
Currently, at the end of this week's trading, the EUR has temporarily halted at the level of 1.055, and there are no signs yet of a reversal in trend for this currency pair. It appears that the downward trend has officially resumed after last week's sideways movement. According to the Fibonacci tool from Trading View, after a recovery phase reaching the 0.5 level (1.070), prices have started to decline again.
Karina still holds a strong belief in the downward trend for the coming week. Once the current support level is broken, there will be nothing to stop the EUR from plunging deeper. What are your thoughts on this perspective?
If you enjoyed this article, don't forget to leave Karina a like and a review!
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October 1 we will have important news from FedTrade active
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