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Short:EUR/USD: Rejected Our Trendline Resistance, Eyes German IFO and Lagarde’s Speech

 

EUR/USD:Traders Turn Focus Towards ECB Policy Meeting Today

Traders turn focus towards ECB policy meeting today, as it will be the first policy meeting under command of new ECB president, Christine Lagarde. Although the central bank is not expected to take any action today, Lagarde’s press conference will be closely watched, as markets await to hear her opinion and economic forecasts. Lagarde is not expected to significantly change dovish policies of her predecessor Mario Draghi and keep the hawks under control that would be supportive for Euro. Technical outlook remains positive as bullish momentum is strengthening and thick daily cloud continues to underpin the action…. Our Unique Features: ————————————————————— 1. Follow our 15 signals ….10% equity will increase in your account for sure. 2. We are not Trailing stop! or average the trades. 3. 2% Risk Management Per trade. 4. Risk vs Reward up to 1:7. Note: Trade signals would usually have a risk to reward ratio of 1:2. It means that even 2 out of 4 signals hits their SL marks, the other two would have closed with profit. This allows you to be good in overall pips profit. Signals are usually inter-day (Based on the daily candle) therefore, trades would usually have a holding time of an […]


LONG:The EUR/USD Is In Uptrend

The EUR/USD is in uptrend. We expecting the Bullish Trend to Start….the price close at 1.10601 as at the close for the trading week on Friday…..we looking at price to touch our support level around 1.10000 …we aiming price at our targeted price of 1.11749. Bullish continuation is expected due to a bullish signal on on 4hr. A drop below 1.0900 will negate bullish scenario. If 1.6254 is reached, the pair might have a pullback as 1.6154……. We are moving toward year-end and hence getting into the period of trading when fundamentals often become less influential giving way to seasonal positioning flows into year-end. But it is hard to see euro performing well after the sharp drop in IP in Germany along with weaker than expected. Contrast that with the strong US employment report and we know Christine Lagarde’s press conference will be trickier than Jerome Powell’s. Our Unique Features: ————————————————————— 1. Follow our 15 signals ….10% equity will increase in your account for sure. 2. We are not Trailing stop! or average the trades. 3. 2% Risk Management Per trade. 4. Risk vs Reward up to 1:7. Note: Trade signals would usually have a risk to reward ratio of […]


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