The EURUSD currency pair has shot up like a rocket

  • Feb 04 2022
  • by
  • Analyst AZA
The EURUSD currency pair has shot up like a rocket

The EURUSD currency pair has shot up like a rocket

The Euro began to rise sharply against the backdrop of news about unemployment. All currency pairs that are traded with the Euro have sharply changed their trend rates. The price approached a strong resistance level and the price growth stopped. A breakout of the resistance level will be a good entry point into a long position.

Symbol: EURUSD
Order Type: Pending Order - Buy Stop
Entry Price at 1.1485
Take Profit at 1.1525
Pips Earning: 40

Forex trade strategy for major currency pairs:
BTCUSD buy at the price of 38300
USDJPY sell at the price of 115.15
GBPUSD sell at the price of 1.3550
USDCHF buy at the price of 0.9235

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The profit can be $400.00 if the trading volume of 100000 EUR (1 Lot).

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