EURUSD trend is losing momentum

  • Apr 23 2021
EURUSD trend is losing momentum

EURUSD currency pair trend is losing momentum, but it can bring profit

The EURUSD currency pair is in an upward trend, but the movement is already losing momentum. Nevertheless, the price is above the 200 average, which shows us the continuation of the upward trend. The MACD indicator is already showing divergence, which gives traders a signal that the growing movement is losing strength, but not its end.
This trading instrument is not very volatile, so you can set a small target and place a take profit at the price of 1.2115 at the level of the nearest resistance.

Symbol: EURUSD
Order Type: Pending Order - Buy Stop
Entry Price: 1.2080
Take Profit: 1.2115
Pips Earning: 35

The result of a trade recommendation. The order was closed at the Take Profit price.

The order was closed at the Take Profit price.

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The profit can be $350.00 if the trading volume of 100000 EUR (1 Lot).

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