EURUSD Trading strategy this week

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  1. #1
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    Default EURUSD Trading strategy this week

    EURUSD Trading strategy this week
    EURUSD Trading strategy this week.
    The strong data for U.S. ISM Services today for March of 63.7 very higher than the key border of 50.00 do not help the Dollar. ISM Services consensus expectation was 58.5 also higher than one month earlier of 55.3. The potential of the Dollar ends at levels below 1.17 and many investors open long positions with expectations to hold EURUSD long above 1.20.
    Tomorrow (Tuesday 6th) is expecting EuroZone Unemployment Rate for February as the consensus and prior month report are equal to 8.1%.
    EURUSD found very strong support at 1.1704 and 1.1748. World-Signals.com recommends to hold long positions and use the level below 1.1748 for stop. The target is a long-term of 1.20 and may happen in the mid of April 2021.
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    Success in the forex market mainly depend on the trading strategy. Every trader has different trading style. If any trader wants to make success in forex, he needs to follow some rules. He should not take decision emotionally while trading. Success in forex market is mainly depends on the broker a trader choose. If their strategies don't suit the broker than he can not be succeed. I use Forex4you as my broker. They are helping me to become successful in forex market by giving low spreads and dynamic leverage. Their trading style is too easy to learn and operate.

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    The most interesting part of Forex trading is the working schedule which helps the traders to wok comfortably form anywhere around the world and at any time. The Forex market never sleeps and I like the thing because with my broker Tpglobalfx’s help I can complete my financial activity on due time and without facing any error. They have re-quote, slippage and dealing desk free trading environment so I can access easily.

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    It rallied to 1.2050. By the looks of it, it's still quite bullish and the move north will likely continue.

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    I think EURUSD could create bullish pressure this week. Already bullish pressure is there but this bullish pressure can gain more. This is because the EUR Fundamental has a lot of high-impact news this week and which may increase the momentum of the market.

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    The pair formed a spinning top at 1.2080 and bounced off from that level. I think it may drop below 1.2000 again.

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    Every trader choose that kind of broker which has low spreads. Spreads is a very important tool in forex trading. Sometimes high spreads put a trader into danger. he may face loss because of high spreads. I am currently trading with TP Global FX. They give low spreads starts from 0.01 pips. It is very lower than most other brokers in the forex market. I love them because they don't change their rates. They always be helpful for me. I love them because of their low spreads and easy trading techniques.

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    It formed another spinning top at 1.2050, I think the move north may be ending indeed.

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    It rallied to 1.2100. Clearly the signal for a move south was false. Next week it may continue rallying, I think.

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    in ro ham eslah kon:
    Many traders are losing money in the market, but few are making money. Trading is easy but making consistent money in forex market is difficult. Trader need proper knowledge and market to do that. Often new trader fails to understand that and go investing real money without knowing about market and lose the money. I have been trading for 3 years in Forex4you and I am still learning new thing about market every day.

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