Hello traders,
I am sharing with you one of my trading plans for this week based on the EUR/USD currency pair. This plan presents a few possible scenarios for short-term or day-trading.
You can check the technical analysis on our Youtube channel (links in description).
Also Live Signals will be posted on our Telegram channel and Twitter page.
Below you can find the zones in numbers as well as a short fundamental analysis for this week.
Zones:
H4 Resistance Area: 1.1705 to 1.1730
H4 Support Area (Target 1): 1.1646 to 1.1630
H4 Support Area (Target 2): 1.1565 to 1.1545
H1 Previous Bottom Level: 1.1668
Fundamental Analysis:
Wednesday - 19th of September
13:00 GMT (16:00 Bulgarian time)
EUR ECB’s Draghi speaks in Berlin
There is a possibility of high volatility, especially on the lower time frames, during the speech of president Draghi. Be cautious with your entries as well as with your already open positions.
Thursday - 20th of September
13:00 GMT (16:00 Bulgarian time)
EUR EU Informal Meeting of Heads of State Summit Press Conference
Another meeting and a press conference that could lead to high volatility on the market. Again beware of possible sudden moves and protect your investments and your capital.
The team of DMTrading Bulgaria wishes you a profitable week! :)
I am sharing with you one of my trading plans for this week based on the EUR/USD currency pair. This plan presents a few possible scenarios for short-term or day-trading.
You can check the technical analysis on our Youtube channel (links in description).
Also Live Signals will be posted on our Telegram channel and Twitter page.
Below you can find the zones in numbers as well as a short fundamental analysis for this week.
Zones:
H4 Resistance Area: 1.1705 to 1.1730
H4 Support Area (Target 1): 1.1646 to 1.1630
H4 Support Area (Target 2): 1.1565 to 1.1545
H1 Previous Bottom Level: 1.1668
Fundamental Analysis:
Wednesday - 19th of September
13:00 GMT (16:00 Bulgarian time)
EUR ECB’s Draghi speaks in Berlin
There is a possibility of high volatility, especially on the lower time frames, during the speech of president Draghi. Be cautious with your entries as well as with your already open positions.
Thursday - 20th of September
13:00 GMT (16:00 Bulgarian time)
EUR EU Informal Meeting of Heads of State Summit Press Conference
Another meeting and a press conference that could lead to high volatility on the market. Again beware of possible sudden moves and protect your investments and your capital.
The team of DMTrading Bulgaria wishes you a profitable week! :)
