Announcement
Collapse
No announcement yet.
EURUSD Trading strategy this week
Collapse
X
-
What is the current strategy used by most brokers trading with EURUSD, especially in scalping, and on which time frame?
-
Originally posted by Patrick-1 View PostWhich strategy is the best to scalp with for this weeks EURUSD currency pair? Choose pairs with the lowest spreads or pick more volatile pairs?
Leave a comment:
-
Which strategy is the best to scalp with for this weeks EURUSD currency pair? Choose pairs with the lowest spreads or pick more volatile pairs?
Leave a comment:
-
Trading ideas for EURUSD this week
EURUSD currently hit the highest level of 1.2266. This is the record high level for the last 5-months. The highest trading level of EURUSD in 2021 is 1.2349. The big questions is the potential of Euro to hit 1.2349 and the levels above this key resistance.
Since the beginning of April 2021 EURUSD is in upward trend.
In the last week of May is expected to show key news for U.S. Durable Goods report on Thursday and Initial Claims to confirm that the jobs market recovery is very slow.
World-Signals.com trading strategy this week is to use short positions with target at 1.2210. If it breaks below 1.2210 we can see levels of 1.2165. The move above 1.2266 is sure to happen but the move may stop at 1.2290/1.2300. The level of 1.2349 may not hit this month. So use the current levels to trade into both directions and if you use long positions try to open at 1.2170 up to 1.2210 and expect target 1.2260.
Leave a comment:
-
EURUSD Trading strategy this week
The strong data for U.S. ISM Services today for March of 63.7 very higher than the key border of 50.00 do not help the Dollar. ISM Services consensus expectation was 58.5 also higher than one month earlier of 55.3. The potential of the Dollar ends at levels below 1.17 and many investors open long positions with expectations to hold EURUSD long above 1.20.
Tomorrow (Tuesday 6th) is expecting EuroZone Unemployment Rate for February as the consensus and prior month report are equal to 8.1%.
EURUSD found very strong support at 1.1704 and 1.1748. World-Signals.com recommends to hold long positions and use the level below 1.1748 for stop. The target is a long-term of 1.20 and may happen in the mid of April 2021.Tags: None
Leave a comment: