empty
 
 
04.02.2020 12:14 PM
Trading idea for EUR/USD

Good day, dear traders! I present to your attention, a trading idea for EUR/USD.

On Friday, the EUR/USD pair showed a significant increase on the weak dollar. Yesterday, Americans bought euros for the entire American session.

A bullish trend is beginning to form, and sellers are held hostage at the round level of 1.11.

This image is no longer relevant

The price of the purchase is now 20p against a profit of 50p (4 sign). This idea will be relevant as long as yesterday's American buyers do not sell in the market (marked in green).

Let's now turn to the daily TF:

This image is no longer relevant

As you can see, the tool still has goals at the bottom. The potential to reach them is much greater.

On the other hand, I do not rule out the possibility that they will remove the bottom first, and then go upwards. Nonetheless, the potential will not change:

This image is no longer relevant

Good luck in trading and control your risks!

Andrey Shevchenko,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback