Stock Market EUR/USD: TRADING RECOMMENDATIONS

EUR/USD: TRADING RECOMMENDATIONS

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Investors are counting on the acceleration of the American economy in the near future, including due to expectations of new stimulus measures from the White House. Thus, market participants expect that US President Joe Biden will soon present a new plan to modernize infrastructure worth at least $ 2 billion, which, in turn, will spur inflationary expectations in the United States, and this is a positive factor for the USD (see “Fundamental Analysis and Market Expectations”)


Support levels: 1.2020, 1.1990, 1.1954, 1.1940, 1.1924, 1.1910, 1.1840, 1.1780, 1.1710, 1.1600, 1.1560

Resistance levels: 1.2055, 1.2100, 1.2180, 1.2270, 1.2340, 1.2555, 1.2580, 1.2600

Trading Recommendations

Sell ​​Stop 1.2015. Stop-Loss 1.2085. Take-Profit 1.1990, 1.1954, 1.1940, 1.1924, 1.1910, 1.1840, 1.1780, 1.1710, 1.1600, 1.1560

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