The Nasdaq 100 earning season is upon us starting 21/04/2024 generally meaning it is profit taking for investors however the aggressive profit taking has happened with the Nasdaq declining by 2.05% before this upcoming week. Therefore further profit taking will resume. I am of the opinion the executive guidance on earning results may give support to the technical price for Nasdaq.
With the confluence of earning season and German manufacturing PMI release in the same week give a good opportunity to trade the EURUSD pair. Technically the pair is consolidating and with an overall trend bearish, however offers a selling position at 1.07060 with a target of 1.06084 and should it further go lower the next exit target be 1.05509.
Summary
Entry = 1.07060
Target 1= 1.06084
Target 2= 1.05509
Plan the Trade, Trade the plan.
Please boost and follow.
With the confluence of earning season and German manufacturing PMI release in the same week give a good opportunity to trade the EURUSD pair. Technically the pair is consolidating and with an overall trend bearish, however offers a selling position at 1.07060 with a target of 1.06084 and should it further go lower the next exit target be 1.05509.
Summary
Entry = 1.07060
Target 1= 1.06084
Target 2= 1.05509
Plan the Trade, Trade the plan.
Please boost and follow.