EURUSD
The more and more cases were tested positive in corona virus infection
And the market forecasting/expecting a rate cut from ECB,this will further weaken the Euro against all the pairs.
Now its currently trading at 1.11000 level which is 61.8% Fibonacci level
As the downtrend chart patterns shows as further falling of this pair is inevitable
We can open short positions at 1.11420 level which is 50% Fibonacci level
And the potential take profit will be 1.09325 which is 78.6% Fibonacci level
Stop lose may placed above 1.12300 level
Please leave your valuable comments below
EUR/USD pivotal points
S3 1.1026
S2 1.1064
S1 1.1084
P 1.1101
R1 1.1122
R2 1.1138
R3 1.1176
The more and more cases were tested positive in corona virus infection
And the market forecasting/expecting a rate cut from ECB,this will further weaken the Euro against all the pairs.
Now its currently trading at 1.11000 level which is 61.8% Fibonacci level
As the downtrend chart patterns shows as further falling of this pair is inevitable
We can open short positions at 1.11420 level which is 50% Fibonacci level
And the potential take profit will be 1.09325 which is 78.6% Fibonacci level
Stop lose may placed above 1.12300 level
Please leave your valuable comments below
EUR/USD pivotal points
S3 1.1026
S2 1.1064
S1 1.1084
P 1.1101
R1 1.1122
R2 1.1138
R3 1.1176
Trade active:
Sell limit got triggered now
