Forecast – BEARISH
Date Posted: 24 Jan 2020
Currency Pair: EURUSD
Current Rating: SELL
Forecast Move: DOWN
Key Tech Level: 1.1072
Trade Action: SELL RALLY
Stop Loss 1.1103 -35 pips
Take Profit 1.0952 +115 pips
Chart & Forecast Details
The EURUSD has broken down through 1.1070 support and looks destined to test long term support around 1.0940 after the ECB’s dovish comments at the conclusion of their meeting. To help the opportunity along we have both German and Eurozone Manufacturing data scheduled today. Weak data and we should see the EURUSD break down through 1.1000.
Key Trade Day: Friday 24th Jan – German & Eurozone Manufacturing PMI
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