We are bearish on EURUSD (Euro / US Dollar) in the short to medium term.
The most traded currency pairs in the world are called “the Majors” and the EURUSD leads this group as the most traded pair in the world. This pair represents the world two largest economies and has faced most volatility since the inception of the euro in 1999.
Our Global Algorithmic Trading Software (GATS) #5 indicates the following for EURUSD (Euro / US Dollar)
The Long Term Trend (LTT) is currently Bullish
The Medium Term Trend (MTT) is currently Bearish
The Short Term Trend (STT) is currently Bearish
The Micro Trend (MT) is currently Bearish
We are bearish on EURUSD (Euro / US Dollar) in the short to medium term. Hence we will attempt a bearish trade based on the current short-term and medium-term bearish signal with potential trade entry signal as follows:
Global Potential Trade Entry Signal #1 : 1.17707
Global Minimum Catastrophe Hard Stop Loss GAP: 0.0225
Global Maximum Catastrophe Hard Stop Loss GAP: 0.0375
Global Minimum Catastrophe Trailing Stop: 1.19957
Global Maximum Catastrophe Trailing Stop: 1.21457
Global Minimum Profit Target: 1.10957
Global Maximum Profit Target: 1.06457
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