Trading plan EUR USD

EUR USD Technical

EUR USD continues the incredible breakout – eyes the session high! Check out our EUR USD technical!

EUR USD trading plan

In this article we will guide you and show you through our EUR USD technical analysis.

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Monthly has a target at 1.10151 – 653 pips below the current position. The rsi and cmo have left the buy zone on their way to the sell zone. Once in the sell zone confirmation of a sell is needed before placing a trade in this time zone.

Weekly has three targets. The first target is at 1.17049 – 45 pips above the current position; the second target is 1.15718 – 95 pips below the current position; the third target is at 1.13943 – 271 pips below the current position. The rsi and cmo are just under the sell zone indicating further up movement. Once they are in the sell zone, look for a sell trade.

Daily shows a target is at 1.17241 – 61 pips above the current position. The rsi and cmo under the sell zone indicating there is further up movement to come before they hit the sell zone.

Traders with profits with the EUR USD

If you are following “Rocket Fund” on Zulutrade you have probably noticed that he is trading a lot with the EUR USD currency pair.

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He claims to trade mostly on the 1 Hour charts. Two major reasons why Rocket Fund likes trading the EUR/USD on 1 Hour charts are:

  • that it is the most liquid forex market pair with two major economies.
  • and it has tighter spreads then other forex pairs.
Rocket Fund trader on zulutrade
EUR USD is RocketFund’s most popular currency pair on ZuluTrade, He opened another buy trade on the 9th of June

Do you have any questions regarding EUR USD technical?

We want to assist you with the trading and we can analyse any currency pair for you. Do you follow any traders and are not convinced if they are trading as normal? Let us have a look at it. Forex and profits is all about helping each other out, and making ourselves more confident as a trader. Write to us on Facebook and join our Telegram group.

EUR USD in the news

EUR/USD succumbs to dollar rule, depressing overseas news outweighs Europe opening up.

The euro is beginning to crack down, according to FX Street.
EUR/USD Forecast for June 16th, 2020

The break of the 1.1000/20 range has led to non-stop buying and today has been the best day yet. The bears attempted to sell EUR/USD after the statement and again after Lagarde’s press conference but now the pair is just a few pips away from the earlier high of 1.1362.

Is EUR/USD finally beginning to track back lower?

There isn’t much now blocking a return to the March high of 1.1495 according to Forexlive.

The Euro has dropped a little bit during the trading session on Friday after initially shooting straight up in the area again.

EUR/USD Price Forecast – Euro Stalling After Parabolic Move

We provide new trading analysis every week

Do you want us to check EUR USD technical analysis more often and update this article for you right now? We really appreciate your feedback! Was this article helpful for you? What do you think of the EUR USD and AUD USD currency pairs? We often use Pivot points in our analysis. I have already written an article where I explained in detail how target trading works.

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Before participating in Foreign Currency Trading (Forex Market) you must consider carefully the risks of the market, which has big rewards potential, yet is also extremely risky. Consider all the risks carefully before investing in the Forex Market. Remember that all the information and signals, prices and trade recommendations provided here on Forex and Profits is only general information and market commentary, thus, it does not incorporate investment advice.

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