Up or Down with the Euro?
As the charts are showing, it appears that the EUR is making some upwards movement against the Dollar this morning, perhaps on account of reports that a US-China trade deal is not viable in the long run. However, the pair is facing a strong support level around 1.1180, a level which it has bounced off a few times in the last few days.
Thus, we expect a stronger movement soon and we recommend the following trade:
Stop Buy: 1.1200
Take Profit: 1.1235
Stop Loss: 1.1170
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