Important Zone for Sell Position

2020-03-01 17:05:08

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Candle stick signal. Market sentiment is Bearish on Weekly and Daily and 4H Time.

Entry Price: Look at Candle stick on 2H, if it will be Bearish it will be good sell position.
TP1 - 1.09534
TP2 - 1.09276
TP3 - 1.08808
SL -50 Pips above the Entry Price

Technical Reason: Candle Stick Signals and Divergence in RSI and Stochastic. Fib is on 0.78
Fundamental Reason: The growth of the euro against the dollar seems very abnormal to us and we are inclined to sell a pair of EURUSD on Monday, if Euro zone economy continues to experience serious difficulties, and this is still without the consequences of a coronavirus. The situation in Italy also does not contribute to the purchase of the euro . Therefore, we sell the euro against the dollar at full capacity.

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Disclaimer:
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.