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EUR/USD Forex Signal: Retest of Last Week’s Low Likely
The pair will likely resume the downward trend as bears attempt to move below last week’s low.
Bearish View
Set a sell-stop at 1.1895 and a take-profit at 1.1848 (last week low).
Add a stop-loss at 1.1950.
Timeline: 1-2 days.
Bullish View
Set a buy-stop at 1.1955 and a take-profit at 1.2053 (38.2% retracement).
Add a stop-loss at 1.1900.
The EUR/USD retreated slightly during the overnight session as investors reacted to Jerome Powell’s testimony to Congress. The pair declined to 1.1920, which was slightly lower than Tuesday’s high of 1.1953.
The pair will likely resume the downward trend as bears attempt to move below last week’s low.
Bearish View
Set a sell-stop at 1.1895 and a take-profit at 1.1848 (last week low).
Add a stop-loss at 1.1950.
Timeline: 1-2 days.
Bullish View
Set a buy-stop at 1.1955 and a take-profit at 1.2053 (38.2% retracement).
Add a stop-loss at 1.1900.
The EUR/USD retreated slightly during the overnight session as investors reacted to Jerome Powell’s testimony to Congress. The pair declined to 1.1920, which was slightly lower than Tuesday’s high of 1.1953.
US30 SEL 34 014.00
TP : 33 990.00
TP : 33 950.00
TP : 33 900.00
TP : 33 800.00
SL : 34 150.00
TP : 33 990.00
TP : 33 950.00
TP : 33 900.00
TP : 33 800.00
SL : 34 150.00
USD/CAD Technical Outlook: Retracement or Reversal?2021-06-24 12:30:00USD/CAD exploded last week and looked poised to continue higher, but the ...
USD/CAD Technical Outlook
USD/CAD explosion at first looked sustainable
The pullback we are seeing brings serious doubt on a continuation trade
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USD/CAD Technical Outlook: Retracement or Reversal?
USD/CAD shot out of a cannon last week after putting in an extremely tight period of trading. The rally at first glance looked good for at least a continuation trade after a period of digestion, but that has been brought into serious question with the sharp retracement we have seen.
Yesterday, a minor reversal developed that could help floor the decline, but if we see price sink much further, then the larger than expected pullback has likely morphed into what will be a full reversal and potentially a leg towards a new cycle low.
USD/CAD Technical Outlook
USD/CAD explosion at first looked sustainable
The pullback we are seeing brings serious doubt on a continuation trade
Advertisement
USD/CAD Technical Outlook: Retracement or Reversal?
USD/CAD shot out of a cannon last week after putting in an extremely tight period of trading. The rally at first glance looked good for at least a continuation trade after a period of digestion, but that has been brought into serious question with the sharp retracement we have seen.
Yesterday, a minor reversal developed that could help floor the decline, but if we see price sink much further, then the larger than expected pullback has likely morphed into what will be a full reversal and potentially a leg towards a new cycle low.
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You should never experience a big loss.
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1. A big win
2. A small win
3. Break even
4. A small loss
You should never experience a big loss.
Join Our VIP Channel now and never miss a winning trade.
Contact us for more info on our services
@rosefx03
OUR SERVICES
🌟Accurate trading signals
🌟Training
🌟Account management
🌟Investment
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