Trading idea for EUR/USD

By | February 4, 2020
InstaForex
Trading idea for EUR/USD

Long-term review

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.

analytics5e394cdf51da8.png

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:

analytics5e39399ae9c7f.png

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:

analytics5e394d92cdb84.png

Good luck in trading and control your risks!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Andrey Shevchenko,
Analytical expert
InstaForex Group © 2007-2020

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