Fundamental and Analysis: Euro/U.S. Dollar

Uppdaterad
We're updated this par.

Yesterday, we entry in short position at $1.1670 USD and at the moment, we have 30 pips in profit.

snapshot

Looking in H1 timeframe, there's an indecision of the market and the price show up a many doji of market indecision, that could be to take in noticed that the bearish trend have the possibility to make a resversal. But if any sign turn bullish of candlestick, we could see a possible reversal of the trend again until the $1.1746 USD as possible long take profit.

But as we see in H1 timeframe, the RSI make lower higher and price action make higher lower, the RSI indicate a possible end of the sell and soon the possible bought to make a reversal of the trend and consequence in Daily hopes a pull back in the $1.1746 USD

snapshot

But looking in Daily we could see a possible pull back soon!!!

So, I didn'nt change until we see a possible confirmation of bulls, but I'm still in bear until the $1.1546 when touch my take profit. Because if we see the H3 timeframe, the trend is bearish, and I didn't idea that the trend go up, if you know, the trend is our friend and is bearish!!!

Fundamental Keys:

1. Euro to U.S. Dollar Exchange Rate falls as Eurozone Economic Activity Stalls
2. The Eurozone's PMI fall in September from 51.9 to 50.1
3. Investor are becoming more concerned for the economy as covid-19 infection rates continue to climb throught Europe.
4. Euro hits nearly of two-month lows on signs covid wave hurting recovery
5. The European Central Bank set to hand banks move ultra=cheap cash to boost lending
6. Dollar shines as virus, economy woes hit risk assets.
7. The Dollar extended gains against most currencies today as signs of economy recovery slowdown in Europe, while America renewed concern about a second wave of coronavirus infection. In that point, is interesting to read, becuase United States is alert in case of second wave of coronavirus infection, and that cause a possible sell-continue of U.S. Dollar in cases that the bad news is soon




Trade stängt manuellt
Hello, please closed up the position manually!!! The price change the momentum!!! I will going to updated!!!
eruusdsellEURUSDFundamental AnalysisTechnical IndicatorsRelative Strength Index (RSI)Trend Analysistrendanalysisexplained
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