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FX.co ★ Don't sell in the EUR/USD pair before this level!

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Forex Analysis:::2020-10-09T09:30:47

Don't sell in the EUR/USD pair before this level!

The euro reached the same peak yesterday (1.17820), forming a double top in the daily chart:

Don't sell in the EUR/USD pair before this level!

Based on this, it is likely that the EUR / USD pair will enter a pullback, after which we can start working for an increase, but this time we may be able to reach a quote higher than 1.17820:

Don't sell in the EUR/USD pair before this level!

Such a strategy will bring good profit, about 1: 1.

Of course, we still have to monitor the risk in order to avoid any losses.

Trading in this financial market is very precarious, but also very profitable as long as we use the right approach.

Best of luck!

Analyst InstaForex
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