In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we are looking at a good technical setup in the EURUSD.
From a fundamental perspective, there is a bearish sentiment behind the euro. There are a number of concerning issues to contend with. The ECB are talking about being more accommodative. The German economy seems to be struggling. Also, concerns over Brexit and slowing global growth can all contribute to putting the euro under more pressure.
Additionally, from a technical perspective, this market looks good to the downside. We are currently below strong resistance at 1.1200. We are seeing a bull flag candlestick setup with the consolidation we are looking for. Overall, we like the look of this market below 1.1167.
Good Technical Setup in the EURUSD – Full Video Analysis
Take your trading to the next level with our 14 Day, No Obligation, Free Trial. You will soon discover why we are trading’s best-kept secret. We are successfully building the world’s largest group of profitable traders and would like you to be part of it.
You can join for as little as $19.99 per month, no contract, cancel anytime. Just one profitable trade with us per month covers this amount, the rest is pure profit. You will benefit from unparalleled access to our professional traders, our transparent trading performance, our LiveTradeRooms and access to the most comprehensive trading education on the market. What have you got to lose? JUST CLICK HERE TO GET STARTED NOW and see how real money is made!
