Hello traders, in my last week's EUR/USD update I advised buying
when the price was near 1.0550. That buy trade generated nearly
100 pips profit.
Currently, EUR/USD looks all set to reach the top of the price channel
at 1.0720. That area also happens to the 100-day EMA level on the daily
chart. So, it needs to be seen how price reacts if it reaches the 1.0720 level.
when the price was near 1.0550. That buy trade generated nearly
100 pips profit.
Currently, EUR/USD looks all set to reach the top of the price channel
at 1.0720. That area also happens to the 100-day EMA level on the daily
chart. So, it needs to be seen how price reacts if it reaches the 1.0720 level.
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And as expected, EUR/USD continues to reach new highs
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The resistance zone around 1.0675-1.07 seems to have stopped the rally for now
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Bought a small lot at 1.0593
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High volatility today and it is also the end of the month. Trade wisely.
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Price is once again back to lower TL of the channel, this can also be interpreted as a bearish flag. So, be careful
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I am considering adding a buy here
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Last night's buy trade @1.0525 is now in 74 pips profit
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Closed both positions@1.0720.
Profit : 195 Pips and 127 Pips respectively
Profit : 195 Pips and 127 Pips respectively
