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EUR/USD Signal - Sentix Investor Confidence - 11 Jan 2021

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Signal Details
Entry Price: 
1.21709
Take Profit: 
1.21150
Stop Loss: 
1.22500
Direction: 
Sell
How we trade
Average: 5 (1 vote)

EUR/USD is trading to the downside today after the Sentix Investor Confidence. The Sentix Investor Confidence is a monthly survey which shows the market opinion about the current economic situation and the expectations for the next semester. The index, released by the Sentix GmbH, is composed by 36 different indicators. Technically the pair is trading below the 50 moving average, and we anticipate further downside on the EUR/USD into the 1.21150 level.

Submitted by Toni H. on Mon, 11 Jan 2021 05:33:31 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.

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