Forecast – POP TOPSIDE
Date Posted: 27 Apr 2020
Currency Pair: EURUSD
Current Trend: DOWN
Forecast Move: UP
Key Tech Level: 1.0838
Trade Action: BUY THE BREAK
Stop Loss -20 pips
Take Profit +60 pips
Chart & Forecast Details
The EURUSD has been drifting lower over the past month on Coronavirus concerns as the default safe-haven (buy USD) was in play. As this news now dissipates we could see the USD take a nosedive as the safe-haven trade is unwound. We’ve got a nice Resistance Trendline in play for Trendline Trader to work with.
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