EURUSD shows its weakness for the second time

  • Sep 16 2021
  • by
  • Analyst AZA
EURUSD shows its weakness for the second time

EURUSD shows its weakness for the second time

The major currency pair on Forex EURUSD is showing its weakness again. The price has been declining for the second day and dropped below the nearest support levels. We open a position within the channel, as there are no pronounced trends for other pairs.
In this case, our target is only 30 pips.

Symbol: EURUSD
Order Type: Pending Order - Sell Stop
Entry Price at 1.1760
Take Profit at 1.1730
Pips Earning: 30

Forex trade strategy for major currency pairs:
EURUSD sell at the price of 1.1760
USDJPY sell at the price of 109.10
GBPUSD buy at the price of 1.3860
USDCHF buy at the price of 0.9250

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

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