NasBaz

1:40 Risk:Reward Buy 600+ Pips, Pay Attention to EUR/USD!!!

Short
FOREXCOM:EURUSD   Euro / U.S. Dollar
EUR/USD is heading towards a strong level of support after plummeting in the past few weeks, mainly due to a strong dollar and covid-affected Europe. For this Bullish move to happen we need DXY to reach $94 where it encounters resistance boosting our case for a upward move. Lots of retail traders (myfxbook sentiment showing 85%) have been longing the euro too early and are not prepared to do the fundamental research behind the way the pair is moving. Will be looking at a very aggressive entry with a very small stop loss, which can definitely be widened to be safe. Will re-enter up to 3 times if stopped out, this a move that cant missed.

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