Forecast – POP TOPSIDE

Date Posted:       27 Apr 2020

Currency Pair:     EURUSD

Current Trend:   DOWN

Forecast Move:    UP

Key Tech Level:    1.0838

Potential Opportunity

Trade Action:   BUY THE BREAK

Stop Loss          -20 pips

Entry                  1.0851

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.

Brad Gilbert

CEO & Founder of Traders4Traders – Brad has been trading for 28 years and was a former Chief FX Trader for Citibank. Brad trades all markets and all timezones.

Trades: EUR, GBP, AUD, NZD, CAD, JPY, CHF, DOW, SP500, OIL, GOLD

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