empty
 
 
28.02.2020 12:40 PM
Trading plan for EUR/USD for February 28, 2020

This image is no longer relevant

Technical outlook:

EUR/USD finally breaks into the buy zone of the intermediary resistance trend line. It is seen to be trading around 1.1028/30 levels at this point in writing. The pair seems to be poised to target 1.1095 immediately from here. Please note that a break of the trend line also suggests that a meaningful bottom is in place at 1.0778 for now and that bulls are in control. A break above 1.1095 proves that bulls are here to remain, and this rally is not corrective. The EUR/USD pair has also formed a huge Morning Star candlestick pattern on the weekly chart (not shown here) indicating a potential trend reversal ahead. Those traders who initiated long positions earlier can take partial profits above 1.1095 levels and wait for a pullback lower again. A long-awaited bull run might be at its early stages and has got enough room to rally above 1.1500/1.1800 and higher respectively.

Trading plan:

Remain long stop @ 1.0770, target is open.

Good luck!

Oscar Ton,
Analytical expert of InstaForex
© 2007-2024
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback