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EURUSD Technical Analysis and Trade Setup Update

EURUSD Technical Analysis and Trade Setup Update

We have published our fundamental report about Dollar Index, Gold, and EURUSD. The FED keeps the swap lines closed. Simply saying The FED could not convince the markets and provide liquidity to international markets.

Our shorter-term trade plan for EURUSD is as follows:

Short the breakout of the 1.11( Flag Breakout).

Stop: 1.12000

Target: 1.10400

We will add short the breakdown of the 1.10400 support.

Targets: 1.09800 1.08700

Our medium term targets are 1.07300 and 1.05800.

Update: We have achieved 1.09800 sub target. We book partial profit and move our stoploss to entry.

We will update the charts for the members.

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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money

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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