• Dr Akela

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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