EUR/USD Quick Analysis

Here is a quick analysis on the pair.

RECAP:

In our previous analysis the pair was trading at 1.20
We expected the pair to continue being bearish & mentioned the
possibility of the pair testing lows of 1.19500 & also touching the 1.18 mark
The pair however did retrace back to 1.21 level triggering our Buy Stop & hitting our TP
Then fell from those highs to trade at 1.19200 triggering our Sell Stop & hitting our TP
Enabling us to bank 800 pips on the pair

WHAT TO EXPECT:

Currently @ 1.19380
We expect the pair to retrace back to the 1.20 level before continuing its downward trend
If the pair continues downward trend & ignores the retracement we expect it to reach lows
of 1.18700 which was support/resistance of Nov 2020
NFP Report will determine direction for the pair for today.

OUR POSITIONS:

Currently @: 1.19380
Buy Stop @: 1.19600
Buy Stop TP @: 1.19800
Sell Stop @: 1.19
Sell Stop TP @: 1.18800

Link to previous analysis below

Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.