Eurusdshort
EUR/USD Currency Risk Management AdvisoryEUR/USD spot 1.2281, from Mid Jan 2018 to till now market try to break 1.2280 level several times but it’s not succeed, from last one month market not able to break 1.2400 level, now it’s forming series of lower high, another signal of downtrend, and US polices for trade, are also supporting strong $, as it’s break 1.2242-44, expected to be test 1.2080 in coming sessions There is no trade zone between 1.2242-84.
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EUR USD @ 1.2010 ? FOREX RISK MANAGEMENT SERVICES CURRENCY DRIVEEUR USD spot 1.2361, After Testing 1.2510 Twice, It’s expected that if this break 1.2510 level, will test 1.2780, unfortunately market did not break and now trading at 1.2360, now expected level is 1.2240-42, if it would break this level , potentially double top will be form, and the target would be 1.2010.. CURRENCY DRIVE INFI FOREX
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FOREX RISK MANAGEMENT SERVICES
#EURUSD heading towards 0.9888 by the end of the year.EURUSD seem to be looking at working its way to go down towards parity. The current political and economic climate might seem to suggest the same as well.
With geo-political issues people run towards the Dollar safe haven status again and Euro is always one country away from having another round of news being going everywhere that the union might be breaking.
Above are some of the reasons because of which I might be opening only short positions in Euro now.
Good luck all. Would love to hear your comments on what you all think.