SIDCapital

LONG EURO Index Despite Triple Top Chart Formation

Long
TVC:EXY   Euro Currency Index
Our prediction last week on Euro Index has come true. Despite the uncertainty around EU Summit last week, the market is upbeat to continue an uptrend. Earlier, European Council president Charles Michel said that it was possible to reach an agreement on the EU budget and the recovery fund.

Key Trading Plan:

i) LONG when the price breaks the resistance level of 115 with the potential Take Profit Target at 117.

ii) SHORT if the price struggles and breaks the support level of 111 with the potential Take Profit Target of 109.



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