EURUSD is under selling pressure

EURUSD

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As the corona virus cases surging in European region the stocks and indices are falling down and the investors are selling off their portfolios

Recently the Euro got more weakness due to this And ECB is trying to provide additional stimulus package to cop up with the outbreak

EURUSD is trading in a downtrend channel After reaching the 1.09781 level which is also a 61.8% Fibonacci its started falling towards 1.09100 which is 78.6% Fibonacci

Currently this 78.6% Fibonacci is acting as barrier for the bull

We can open short positions at this level

Potential take profit will be 1.07540

Stop lose may placed above the 1.09800 level

Leave your valuable comments below

EURUSD - PIVOTAL POINTS
PP 1.092
R3 1.1282
R2 1.1164
R1 1.1038
S1 1.0795
S2 1.0677
S3 1.0552

Trade active:

EURUSD
Is now running with +40 pips..and move your SL in to our entry point to protect our capital

Trade closed: target reached