Good morning all, hope everyone has had a good weekend. Back to business tonight, and I am looking at EURUSD buy's. Price got held up at the weekly demand zone above, but we finally saw that zone broken. To where we have seen price reach the bigger monthly demand zone . Friday saw the daily candle close bullish . This is my signal to buy from here, DXY has seen high's from 10 years ago so I expect a pullback in price from USD. Which in turn will work out well for a EURUSD buy. Aiming for the supply zone above as the first target. Will be entering once the spreads settle after market opening. Will update again in a few days. GLIYF
Trade-in eurusd brings many opportunities for traders on the basis of their skillset like Newer participants to reduce position size to control risk, whereas experienced one can increase position size to fully capitalize on opportunities.
This week's video is out on my YouTube channel. Please feel free to head over and let me know your thoughts on any of the pairs i follow. Would appreciate a like and subscribe if you haven't already :slight_smile:
I also like trading EUR/USD. Firstly, my broker fxopen has a very small spread on this pair, which is beneficial for me and allows me to earn even on a small price movement. Secondly, this pair is not very volatile with a smoother movement, which allows me to set small stop losses.