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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 Daily and 1H, if it will be Bearish it will be good sell position.
TP1 - 7.6
TP2 - 7.5
TP3 - 7.4
SL -50 Pips above the Entry Price
Technical Reason: Strong resistance is found at 7.73 / 7.75, use this to sell into and target the support at 7.40 .
Fundamental Reason: Here we go for a round of important chart update on the FX, Commodity and Equity board... I do not subscribe to the idea of this being the start of the euro reserve currency rally which we were tracking earlier in the year that failed from the Coronavirus short-circuit, although it is certainly moving with speed.
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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.