CPM

EURUSD Trade Setup Idea 20 August to 24 August 2018

New-York time close chart used here to analysis the market. All chart are day chart except mention other.
If we see the daily chart of EURUSD we can see a long time down-trend started from 1.24055 point and last week broke the strong support point 1.15154 & this point now work as resistance.

EURUSD-Daily Chart




Now market pop-up from the support point 1.1300. Hope down-trend will continue as long as market stay below the current resistance point 1.1514. My preference is to go bearish position & I will wait for sell signal 1.14645 to 1.14959 point or set a sell limit trade.
EURUSD-Daily Chart

Trade market is risk-able. This market commentary is my trading view. Before applying my trading strategy please see the Risk Disclosure.

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