Tag Archive EURUSD

Take Profits From Euro Weakness




Looking at the technical analysis showing the EURUSD set to breakout after months of sideways movement due to potential Euro weakness.

Soon we’d be looking at potential breakouts, possibly to the downside.

We could be seeing return of US Dollar strength as we move further into 2nd quarter as well as taking into account the Eurozone that has seen such a dramatic drop in growth over recent months proving to make further Euro weakness.

The ECB has started to reduce the quantitative easing due to the strong recovery in the region with real GDP has expanding for 19 consecutive quarters, meaning  it doesn’t need the excess liquidity provided by flooding the market with cheap Euros.

We exited with a nice £644.50 for the fund.

Euro weakness

(Our trading and image was done using an account with UK based broker IG)

If you want to learn how to make money online, then click here to learn about one of our Traders

*Please Note, Binary Options and Forex trading can carry a high level of risk to your capital as you could lose all of your investment. These products may not be suitable for every investor, therefore ensure you understand the risks and seek independent advice. Invest only what you can afford to lose. We are NOT financial advisers and we do NOT offer financial advice. 




 

A EURUSD Short on 5th December for £23.00 profit

A few key factors in the recent Euro and Dollar currencies and with Donald Trump’s victory in his tax plan overhaul has given the dollar some strength. Also with the ongoing brexit chatter and Europe and Britain have yet to agree on a deal. The basis for this EURUSD short was capitalising on both dollar strength and euro weakness, as well as picking an entry very carefully on the 1 hour chart.

eurusd short

(Our trading and image was done using an account with UK based broker IG)

If you want to learn how to make money online, then click here to learn about one of our Traders

*Please Note, Binary Options and Forex trading can carry a high level of risk to your capital as you could lose all of your investment. These products may not be suitable for every investor, therefore ensure you understand the risks and seek independent advice. Invest only what you can afford to lose. We are NOT financial advisers and we do NOT offer financial advice. 




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