EURUSD Trading Market Analysis
EURUSD
22-10-2020 11:15:23
Long around 1.1830, Take profit: 1.1910, Stop loss: 1.1800
The U.S. dollar was sold off, boosting the euro (Long)
The optimistic sentiment is released and the safe-haven U.S. dollar was sold off.Supporting the euro.
Long
Time Frame:1D
On the chart of the day, EURUSD continued rebounding and maintained the bullish market trend.It will continue rising if it is steady above 1.1830.
Time Frame:4H
On the 4-hour chart, EURUSD rose greatly and broke through the left resistance effectively.Investors could buy as it reverses.
EURUSD
21-10-2020 /11:14:21
Long around 1.1800, Take profit: 1.1910, Stop loss: 1.1780
Selling off the U.S. dollar boosted the euro (Long)
At present, market optimism has been further released.Which has led to further selling of the safe-haven U.S. dollar, and the euro is supported.
Long
Time Frame:1D
On the chart of the day, EURUSD continued rebounding.The market trend was bullish.EURUSD will continue jumping if it is steady above 1.1800.
Time Frame:4H
On the 4-hour chart, EURUSD climbed greatly and broke through the left resistance.Investors could buy as it reverses.
Due to passage of time and market volatility some of the above patterns observed may no longer be valid.
Disclaimer:
This material is considered communication for information purposes only and does not constitute investment advice/investment recommendation or, an offer of or solicitation for any transactions in CFDs or any other financial instrument.
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