EUR/USD Trend During US Trading Session – Down Then Up

前天

EUR/USD news:

🔆EUR/USD remains under pressure near the 1.0500 mark in early European trading on Friday, weighed down by a broad recovery in the US Dollar. Traders are adopting a cautious approach, avoiding new positions on the pair ahead of the release of preliminary PMI reports for both the Eurozone and the US.

🔆Later in the day, S&P Global will release the US Manufacturing and Services PMI data. If the Services PMI surpasses the market forecast of 53, the USD could gain further strength in response.

🔆Additionally, Germany is preparing for its general election to the Bundestag, the lower house of parliament, on February 23. As a result, investors may look to secure profits toward the end of the European session, potentially pushing EUR/USD lower.

Personal opinion:

🔆EUR/USD pair will have a pullback after touching the trend line (4H), besides the market will wait for US PMI so there will be little further breakout.

Technical analysis:

🔆Based on resistance - support zones and important Fibonacci levels combined with trend lines to come up with a suitable strategy.

Plan:

🔆Price Zone Setup:

👉Sell EUR/USD 1.0490 – 1.0510
❌SL: 1.0560 | ✅TP: 1.0450– 1.0400 – 1.0334

FM wishes you a successful trading day 💰💰💰

昨天

註釋

Hit + 20 pips

昨天

交易進行

Hit + 30 pips, Your profit if you follow FM's plan