EURUSD 1M & 4H:
We can clearly see that the pair is moving in a bearish trend from the monthly time frame, creating lower-highs and lower-lows. There is an opportunity to catch shorts on this pair, as I don't see any technical or fundamental signs for the EUR to get stronger.
Fundamentals to watch out for:
- Spain's number of Corona Virus cases rise to 207,634 from 205,905 on Saturday.
- Last week’s video conference of members of the European Council to discuss the EU’s response to the Covid-19 outbreak again highlighted the slow pace and complexity of decision making by the bloc’s leaders.
- Turning to the economic events scheduled for this week, the spotlight will be on Thursday’s meeting of the European Central Bank. It is almost certain to keep all its key interest rates unchanged but, as ever, it will be the accompanying commentary that could potentially move the markets.
- Keep an eye on Corona Virus headlines
- Keep an eye on Trump's twitter
On the 4H time frame, I highlighted some zone we can get good sell entries from.
Risk ONLY: 2-3%
Good Luck
We can clearly see that the pair is moving in a bearish trend from the monthly time frame, creating lower-highs and lower-lows. There is an opportunity to catch shorts on this pair, as I don't see any technical or fundamental signs for the EUR to get stronger.
Fundamentals to watch out for:
- Spain's number of Corona Virus cases rise to 207,634 from 205,905 on Saturday.
- Last week’s video conference of members of the European Council to discuss the EU’s response to the Covid-19 outbreak again highlighted the slow pace and complexity of decision making by the bloc’s leaders.
- Turning to the economic events scheduled for this week, the spotlight will be on Thursday’s meeting of the European Central Bank. It is almost certain to keep all its key interest rates unchanged but, as ever, it will be the accompanying commentary that could potentially move the markets.
- Keep an eye on Corona Virus headlines
- Keep an eye on Trump's twitter
On the 4H time frame, I highlighted some zone we can get good sell entries from.
Risk ONLY: 2-3%
Good Luck