Friday, April 9, 2021 6:27 AM EDT
The EUR/USD has retracted during the night after hitting the 1.1930 zone. We should see a further move up.
1.1890 zone is a breakout-retest area. If the impulse is positive along with enough momentum to the upside, we should see 1.1.1930 and 1.1950. We can also notice that the retracement trend line has been broken and the supportive trend line should hold for bulls. However, bulls should not allow the price to drop below 1.1850 for this scenario to be valid.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. On average around 80% of retail investor accounts loose money when trading with high ...
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Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. On average around 80% of retail investor accounts loose money when trading with high leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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