EURUSD, Daily
In the Daily Timeframe, EURUSD broke the trend line after a long-term downward movement. However, the price fell again and is being tested again in an important support area. Indicators are giving extremely mixed signals, which creates two options.
- If the price breaks the trend line and falls below 1.0750, the bearish trend will continue to 1.0600;
- However, if EURUSD bounces off the trendline, then a possible upside target would be 1.0900;
Conclusion
In conclusion, trading CFDs carries inherent risks. Success in this field demands effective risk management. To minimize costly errors and capitalize on trading opportunities, it's crucial to conduct thorough due diligence and manage risks diligently.
