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EURUSD trading
EURUSD trading

EUR/USD trading

The pair recovered from European session lows and erased intraday losses over the last hours, before entering a consolidation phase amid low volume given the US Independence Day.
It is time to take advantage of this quiet trading day. We don’t expect any major move for the rest of the day, so a short position at 1.1145 the daily high will minimize our risk and target some pips with take profit order at 1.1102 close to the daily low. Stop loss at 1.1153

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Risk Disclaimer:
Trading foreign exchange and CFD’s on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange and CFD’s trading, and seek advice from an independent financial advisor if you have any doubts.

 

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EURUSD has been trading within a well defined uptrend over the last several months, since breaking out in early 2017. 1.2360 provided support to the pair in early February and now switches to resistance. The pair’s top level was $1.2555, and recent low was 1.2155. Immediate resistance is seen around 1.2350. A clear break above ...