Trading Ideas For Eurusd This Week

Discussion in 'General Trading Discussion' started by World-Signals.com, May 25, 2021.

  1. World-Signals.com

    World-Signals.com Senior Investor

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    EURUSD currently hit the highest level of 1.2266. This is the record high level for the last 5-months. The highest trading level of EURUSD in 2021 is 1.2349. The big questions is the potential of Euro to hit 1.2349 and the levels above this key resistance.
    Since the beginning of April 2021 EURUSD is in upward trend.
    In the last week of May is expected to show key news for U.S. Durable Goods report on Thursday and Initial Claims to confirm that the jobs market recovery is very slow.
    World-Signals.com trading strategy this week is to use short positions with target at 1.2210. If it breaks below 1.2210 we can see levels of 1.2165. The move above 1.2266 is sure to happen but the move may stop at 1.2290/1.2300. The level of 1.2349 may not hit this month. So use the current levels to trade into both directions and if you use long positions try to open at 1.2170 up to 1.2210 and expect target 1.2260.
     
  2. Lisa Maria

    Lisa Maria Senior Investor

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    Just be very careful when choosing your trading broker because brokers are now found in scamming issues and broker choosing is one of the most important duties of a Forex trader to make his trading funds secure forever. One of the secured and highly regulated brokers Tpglobalfx I do pick for trading safely. Because they ensure 100% funds security with all types of investment. Now I feel safe and can trade safely.
     
  3. World-Signals.com

    World-Signals.com Senior Investor

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    Fed Interest Rates - Focus over the higher inflation
    Today at 14:00 Eastern Time will be published the decision of the US Federal Reserve on interest rates in the country. The expectations for today's meeting are that the interest rates will not be changed and will remain at the level of 0.25%.
    The Fed's press conference, which will start at 14:30 Eastern Time, is also expected with increased interest. Investors are waiting for comments from Fed Chairman Jerome Powell on inflation, the state of the economy, and future moves by the central bank.
    World-Signals.com recommends focusing over U.S. Inflation as probably the risk of high inflation is real.
     

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