We expect a deeper downtrend until the end of the week

5 авг. 2020 г.

Hello traders. This wednesday, we are going to analyse EURUSD. The middle of the week is identical with a counter trend market. This august, the market has been downtrend for about 200 pips then yesterday it went back up for about 110 pips to 1.1810. Until the end of this week we expect the market to go down deeper to 1.1700. Also, we have two cleared positions BUY at 1.820 and SELL at 1.1710. Today, we only have one new positions of SELL at 1.1721 to catch an early downtrend as soon as possible.