EURUSD profit target reached, time to go bullish

FX:EURUSD   欧元/美元
Buy above 1.0637. Stop loss at 1.0573. Take profit at 1.0760.
Reason for the trading strategy (technically):
Price has dropped perfectly and reached our profit target. We now turn bullish above 1.0637 support ( Fibonacci retracement , horizontal support) for a push up to 1.0760 ( Fibonacci retracement , recent swing high resistance).
RSI (34) is seeing strong support at 38% but is also seeing intermediate descending resistance which limits the upside potential.
Stochastic (55,5,3) is seeing strong support above the 3.7% signalling a bounce is impending.

Reason for the trading strategy (fundamentally):
The main news event driving the USD today is the U. of Michigan Confidence. It assesses consumer confidence regarding personal finances, business conditions and purchasing power based on hundreds of telephone surveys. A low or falling University of Michigan Sentiment value is considered an early indicator of an economic downturn. We’re expecting a lower value and a weaker forecast which means a weaker USD, which goes in line with our bullish EURUSD trade.
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出