Wednesday, December 19, 2018

EURUSD - Chance to win a present before Christmas?

DISCLAIMER: The information presented here is for informational purposes only. These are not trade recommendations. Please follow your own trading plan. Trading is extremely risky and you may experience substantial losses.

Some thoughts from my daily Forex analysis.  Here's a look at EURUSD key levels.

Key Highlights:

  • 1440 resistance area held on the H1 timeframe
  • Market moved sharply down after the Fed rate bump announcement
  • 1390 level is a short term battle zone during this Asian session
Looks like there's decent risk-reward opportunities on both the long and short side of things:
  • Can lean on 1365 to know if you're long and Wrong
  • Can use the 1390 level to know if you're bearish and gonna go bust

Check out the chart below:

Christmas break coming up.  No need to get too active nowadays.

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