EUR/USD Signal - Sentix Investor Confidence - 10 May 2021

Signal Details

Entry Price:

1.2175

Take Profit:

1.2100

Stop Loss:

1.2220

Direction:

Sell

How we trade

EURUSD has reached resistance prior to the EUR Sentix Investor Confidence, which questions 1600 financial analysts and institutional investors, and is a monthly survey which shows the market opinion about the current economic situation and the expectations for the next semester. Following the bullish move after NFP we expect a retracement to be made. Technically the pair is at the trendline which is now resistance, the PPO is trading at over extended levels, and we anticipate downside into a structure retest.

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Submitted by Toni H. on Mon, 10 May 2021 00:01:31 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.

EUR/USD Signal - Sentix Investor Confidence - 10 May 2021

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