RISK ON - EURUSD Buy Trade. Fundamental Analysis
The dollar index is ranging at a current 1 week Resistance, with a rise in Jobless claims and Philadelphia Fed Manufacturing Index (Dec) is Low. Signaling dollar weakness, at least temporarily. EURUSD is currently set up to break a daily resistance, turning it to support and a move higher. Target 32.6 PIP, Stop Loss 15 PIP. Risk < 2% Account.
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If you want to know how we draw our support and resistance lines just send a message. Thanks. Like and Follow.
Trading Futures, Forex, CFDs, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Articles and content on this website are for entertainment purposes only and do not constitute investment recommendations or advice.
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