Trading Outlook – EUR/USD

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Originally updated: 06:40

Status: Pending

Trading period: SHORT

Currency pair: EUR/USD

Entry: 1.1240-1.1280

Take profit: 1.1129

Stop: 1.1315

Sentiment: Bearish

Market Focus: In today’s trade set up we will be focussing on selling opportunities on the EUR/USD.

Fundamentals: The EUR fell to the lowest level in 11 years against the USD as Greece’s anti-austerity Syriza party won the Greek election setting up potential confrontation with Greece’s European lenders over austerity measures. With the ECB initiating QE last Thursday and the US looking to raise rates this year the EUR/USD still remains a favourite sell.

Technicals: I am looking for selling opportunities with a good confluence zone at 1.1240 -1.1280.

Stop loss could be placed at 1.1315

Target area: 1.1130

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Source:: Trading Outlook – EUR/USD

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Jarratt Davis is the world’s ranked #2 (2008-2013) Forex Trader by Barclays FX Hedge Index, following years of mastering his art as a self employed trader Jarratt has now entered the field of education and delivers the most robust Forex education package on the market. Jarratt’s mentorship is one of the only programs on the market that is conducted by a verified professional trader. Forex Alchemy readers can get the FREE mini course where Jarratt gives away some of his secrets to success by Clicking Here... [space height="20"] [social type="facebook"][/social] [social type="twitter"][/social] [social type="google-plus"][/social] [social type="youtube"][/social]

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