How are you dear? Hope you're fine and doing well in trading. I appreciate your analysis on EURUSD mate. According to my analysis i think EURUSD will gonna test 1.1050 level by this week. Already EURUSD reached 1.1000 level as per my previous analysis. Let's see what will happen next mate.
Hope for the best and wish you all the best for this trading week mate.
I agree with your analysis that the EURUSD has failed to break the upper channel resistance and currently making a retreat. Yesterday the pair tried to break above the 1.1 resistance level but it failed and it gives clear indication that we can see reversal of situation again. Today some important economical data of EUR will be published and those things can have an impact. From this position making a sell deal isn't bad, because we may be able to use a tighter stop loss.
LATEST UPDATE OF MY JOURNAL
Usdcad price Analysis
Good afternoon all my dear friends, I was out of power for about 72 hours due to Hurricane Amphan. My station is more than 300 kilometers from the Bay of Bengal. So, there is no big problem here except for electricity. I still experience low voltage, I hope this will be resolved soon. During my absence market has changed his movement a lot. Especially oil and USDAD prices change their direction and could sustain it. You know long ago I got a margin call this week. With margin call gifting money, I continue to trade buying at USDAD prices. After spending a long time on the negative, that order has started to hover green pips. The price has exceeded 50 MA and now try to earn 200 SMA support in a four-hour time frame. I expect the USD dollar vs. Canadian dollar to extend its uptrend for a long time. I would suggest you check out this trading opportunity and give me your advice if I am wrong in the case of USCAD prices.
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