Trade Recommendation: EURUSD

The price broke the uptrend line and moved below the cloud. It gave us a trend reversal signal and a new sell opportunity. DMI confirms that the market is going to move downward. Pending orders for sell can be placed at 1.17750 level with stop orders at 1.18600 level. Profit targets are 1.17000 and 1.16000 levels. Don’t risk more than 3% from your deposit in this trade.

Market: EURUSD
Sell: 1.17750
Stop: 1.18600
Profit Targets: 1.17000 and 1.16000

Disclaimer: The analyst does not have investments in EURUSD.

Author:
Dmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years trading experience. The main covered markets are Forex, Commodity, Cryptocurrency. Provides personal education for those who are interested in profitable trading. Entries in TOP 10 among TradingView authors.