EUR/USD GENERAL MARKET STRUCTURE OVERVIEW
September/ 7/2021
It was predicted in the previous trading session that the price of the major currency pair will likely face rejection upon getting to the August 27th highest price point.
However, the currency pair price action movement has been able to confirm the price analysis forecast in the new trading week of September.
Hence, the next question in the mind of every traders will be; Where could be the next price boundsry for the EURO-DOLLAR? Answering this question will require in-depth analysis on the part of the market players. Yet it should be noted that the overall market condition for the Euro versus dollar pair has recently experience an overbought condition in the previous week.
Although using this fact alone is not enough to get you a clear understanding of how you can approach when it comes to considering going short simply because market as previously been in an overbought, yet you should note that there is a presence of weaker dollar squandering about in the financial market.
The few price corrections pressnt in EURUSD can simply be an opportunity to enter into the market at the most affordable price.
Trading recommendation regarding the EUR/USD pair overview;
Market participants and advanced investors must be mindful towards trading this pair as the volatility will likely to spike at any moment from now. Thus a buy stop or sell stop order will be the means of approaching this market.
To prevent yourself from suspicious brokers I choose WikiFx to research brokers:
September/ 7/2021
It was predicted in the previous trading session that the price of the major currency pair will likely face rejection upon getting to the August 27th highest price point.
However, the currency pair price action movement has been able to confirm the price analysis forecast in the new trading week of September.
Hence, the next question in the mind of every traders will be; Where could be the next price boundsry for the EURO-DOLLAR? Answering this question will require in-depth analysis on the part of the market players. Yet it should be noted that the overall market condition for the Euro versus dollar pair has recently experience an overbought condition in the previous week.
Although using this fact alone is not enough to get you a clear understanding of how you can approach when it comes to considering going short simply because market as previously been in an overbought, yet you should note that there is a presence of weaker dollar squandering about in the financial market.
The few price corrections pressnt in EURUSD can simply be an opportunity to enter into the market at the most affordable price.
Trading recommendation regarding the EUR/USD pair overview;
Market participants and advanced investors must be mindful towards trading this pair as the volatility will likely to spike at any moment from now. Thus a buy stop or sell stop order will be the means of approaching this market.
To prevent yourself from suspicious brokers I choose WikiFx to research brokers: