Get started
DDMARKETS

EURUSD US PMI Trading Strategy

Short
Euro / U.S. Dollar (FX:EURUSD)  
DDMARKETS Updated   
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Support and Resistance Trend Lines forexsignals forexsignalprovider forexsignal eurusdsignal eurusdsignals forexsignalservice forextradingsignals bestforexsignals eurusdshort
6
0
trendanalysis supportandresistance trendline forexsignals forexsignalprovider forexsignal eurusdsignal eurusdsignals forexsignalservice forextradingsignals bestforexsignals eurusdshort
EURUSD reached a firm daily resistance. It is possible that the US data could trigger some USD strength, which will distance EURUSD from the resistance level.

The highlighted levels on the chart may be used for stops and take profit. The technical setup is for experienced traders. It is worth noting that brexit and US elections will add to the market volatility as we near the end of 2020.

The signal setup is intentionally kept simple.
Comment:
Target acquired
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.