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The EURUSD currency pair falls back to the support level

  • Aug 06 2021
  • by
  • Analyst AZA
The EURUSD currency pair falls back to the support level

The EURUSD currency pair falls back to the support level

After the sideways movement, the EURUSD currency pair came out of hibernation and fell slightly in price. Even if this movement is then the nearest strong support, then there is the potential to earn from 30 pips in this trade. The main support level is at 1.1770-1.1750. We recommend placing an order to take profit without waiting for the price to reach the bottom point of this level. If the price can overcome the support and break it, then it would be better to open a new short position below the 1.1750 level.

Symbol: EURUSD
Order Type: Pending Order - Sell Stop
Entry Price at 1.1800
Take Profit at 1.1770
Pips Earning: 30

Forex trade strategy and trading signals for major currency pairs:
XAUUSD sell at the price of 1794.00
USDJPY buy at the price of 109.90
GBPUSD buy at the price of 1.3935
USDCHF buy at the price of 0.9090

The result of a trade recommendation

Trading recommendation result

 

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The profit can be $300.00 if the trading volume of 100000 EUR (1 Lot).

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