Forecast – BEARISH

Date Posted:       24 Apr 2020

Currency Pair:     EURUSD

Current Rating:   SELL

Forecast Move:    DOWN

Key Tech Level:    1.0858

Potential Opportunity

Trade Action:   SELL RALLY

Stop Loss          -30 pips

Entry                  1.1046

Take Profit       +90 pips

Chart & Forecast Details

The EURUSD has broken down on the back of extremely weak macro-economic fundamental data. Our ideal scenario is waiting for the EURUSD to retrace back towards resistance at 1.0858 before falling lower.

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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