Black Pipper

forex dreamers

EURUSD: Short Sell (May 01, 2020)

EURUSD

Sell @ 1.0990

Stop @ 1.1030

Profit @ 1.0830

Rationale for Selling EURUSD:

The seasonality index of the month of May suggests that Euro remains bearish throughout the month. Secondly, the technical resistance level is at 1.10 level which is also a psychological mark for the pair.

Also read  EUR/USD outlook remains bearish - Commerzbank

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