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EURUSD Intraday Long Opportunity Update: TP1 Reached

EURUSD Intraday Long Opportunity

The dollar slipped in Asia on Tuesday as U.S. Treasury yields fell to three-month lows, a sign some investors were wagering the Federal Reserve would slow the pace of its rate hikes.

The weakness in the dollar comes against the backdrop of a temporary truce in the US-China trade conflict, which has bolstered investor confidence in riskier currencies versus the safe-haven greenback.


The pair moved above the Ichimoku Cloud and EMA 50 on the H4 chart.

A long trade with the targets : 1.14120 and 1.14300 could be a nice intraday opportunity.

Stop Loss Below 1.13400.

Midterm trend is still bearish and traders will look for selling opportunities above 1.14500.

A potential Gartley would be completed at D. We will look for a Short Opportunity. Details will be pubslied for the members.



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Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

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