Last week the EUR/USD broke the strong resistance at 1.1060 and climbed up to 1.1244. It finished the week at 1.1158 after a strong US NFP report.
We forecast that the coming week will continue to be wild for the EUR/USD with breakouts either higher or lower.
Here are our forex trade ideas for next week:
- Buy Stop EURUSD at 1.1250
TP 1.1360
SL 1.1175
- Buy Stop EURUSD at 1.1380
TP 1.1470
SL 1.1300
- Sell Stop EURUSD at 1.1060
TP 1.0985
SL 1.1120
BEST FOREX BROKER
AVA Trade
Trade With Confidence
Award-winning innovative broker. Segregated accounts with leading international banks.+200 financial instruments for trading.
XM
$30 No Deposit Bonus
Open an XM Zero account and trade with spreads as low as 0! Average EUR/USD spread 0.1
eToro Social Trading
Copy Successful Traders
Automatically copy leading traders in eToro community. Expert trader? get copied yourself to earn a second income!
Related
Forex trader. Forex algorithm developer. Hedge fund owner.
This entry was posted on Sunday, February 7th, 2016 at 7:16 am and is filed under Euro Dollar Trade Ideas, Next Week. You can follow any responses to this entry through the RSS 2.0 feed.
You can skip to the end and leave a response. Pinging is currently not allowed.
