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EUR/USD Signal - EUR Markit PMI Composite - 5 May 2021

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Signal Details
Entry Price: 
1.2001
Take Profit: 
1.2070
Stop Loss: 
1.1959
Direction: 
Buy
How we trade
Average: 5 (2 votes)

EURUSD has reached support today prior to the EUR Markit PMI Composite data, which is based on a large number of business executives in private sector manufacturing and services companies, and is an economic health indicator. Technically the pair is trading in a descending wedge pattern, and holding above the significant 1.200 level support. The PPO is also giving bullish divergence. We anticipate upside into the 1.2070 level!

Submitted by Toni H. on Wed, 05 May 2021 07:02:26 GMT

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Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.

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