How to trade EUR/USD?
EUR/USD will likely trade within the range in stayed in yesterday. The 100-period MA on the H4 (1.1225) supports the pair.
USD/MXN has reached the key area
Trade ideas
SELL 20.10; TP 20.00; SL 20.13
BUY 20.30; TP 20.50; SL 20.25
USD/MXN had a very bullish August. The pair is currently testing the resistance line connecting the highs of 2017 and 2018 at 20.12. This is, of course, a very significant obstacle. Even though the USD is currently trading above this line, only a higher daily close will confirm a breakout. As a result, the return below 20.12 will open the way for a correction towards 20.00. Bullish trades will be less risky above 20.30. The target, in this case, will lie at 20.50.
Elizabeth Belugina
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How to trade USD/CHF?
USD/CHF has made an impressive movement to the downside. The pair has closed on Wednesday below the 61.8% Fibonacci retracement in the 0.9455 area.
GBP/USD: bearish “Crab” pattern
On the D1 chart of GBP/USD the price action conforms to the bearish “Crab” pattern.
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