Drop down and continue uptrend

14 May

🔔🔔🔔EUR/USD news:

➡️ The EUR/USD pair rose to around 1.1240 during Wednesday’s European session as the U.S. dollar weakened against the euro following softer-than-expected U.S. inflation data for April. The greenback declined sharply in immediate response to the cooler CPI report.

➡️ Meanwhile, the U.S. and China agreed to reduce tariffs after two days of negotiations in Geneva, Switzerland. Optimism over a potential tariff deal between the world's two largest economies eased trade war concerns and lowered recession fears, which could in turn offer some support to the U.S. dollar and act as a headwind for the major currency pair.

Personal opinion:
➡️ The USD is performing less effectively than the EUR, so in the short term, this pair still maintains its upward momentum. However, the overbought zone has appeared and there may be a pullback before the short-term uptrend returns

➡️ Analysis based on important resistance - support levels and Fibonacci combined with EMA to come up with a suitable strategy

Personal plan:
🔆Price Zone Setup:

👉Buy EUR/USD 1.1200- 1.1190
❌SL: 1.1160 | ✅TP: 1.1250

FM wishes you a successful trading day 💰💰💰

15 May

İşlem aktif

Personal plan
Hit + 40 pips from Buy 1.1190
Even though it's about to be SL, this is still a win order.
The plan is still on track.