Friday’s troubled market in the
Next week, especially Monday I expect the Euro may hit my expected target of 1.5982 or within the area of 1.5980’s, and there maybe a possibility that the Euro may hit 1.6000 level if the crude oil price hit or break the $150 level per barrel.
Despite the above analysis I will only execute my Euro entry without the assistance of EA, if it retrace to 1.5885 levels and keep a tight stop of 30 pips. However, the opportunity of using an EA to trade the Euro will also be good by next week. This week the EA give me a profit of well over 80 pips. Alternatively, if the Euro traded against the Dollar below 1.5850, I will not dip into the market except with the assistance of EA to find the right level to execute the trade.
I will stay aside from trading the GBPUSD pair as I feel uncomfortable with the market movement for the past few weeks.
Until next week, happy trading guys ;)
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