EURUSD long
EURUSD at support - oversold in advance of estimates for upcoming interest rate decision
buy when price breaks up out of triangle. OR, wait for further decline in price and buy close to support (higher risk)
interest rate cut largely factored in already - if news = cut, price will fall. USD upcoming interest rate decision also likely to begin affecting EURUSD price. Bearish USD market will lessen price falls in EURUSD over next 2 weeks.
if news = no EUR rate cut, price will rebound. Unlikely to be a major rebound to monthly highs... suggest 2 buy positions, one with 50 pip TP and another with a trailing stop loss 20 pips behind the increasing price. Set SL ~10 pips below support line. Support break (not wick) with a candle 15 minute or longer = danger
buy when price breaks up out of triangle. OR, wait for further decline in price and buy close to support (higher risk)
interest rate cut largely factored in already - if news = cut, price will fall. USD upcoming interest rate decision also likely to begin affecting EURUSD price. Bearish USD market will lessen price falls in EURUSD over next 2 weeks.
if news = no EUR rate cut, price will rebound. Unlikely to be a major rebound to monthly highs... suggest 2 buy positions, one with 50 pip TP and another with a trailing stop loss 20 pips behind the increasing price. Set SL ~10 pips below support line. Support break (not wick) with a candle 15 minute or longer = danger
ملاحظة
speculation of no rate cut is emergingwait till news, if no rate cut, go long. early bulls are taking risk, recent news favors bears
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