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EURUSD: Short Sell (May 01, 2020)

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1. EURUSD
2. Rationale for Selling EURUSD:

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  Euro makes a biggest monthly fall since 2019
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