EUR USD broke the support level of 1.11300
#EURUSD #USDollarWarning #marketCrush #TradingMadeEasy #Tradingnow
Level explanation :
EUR USD has been trading in a sideways market within the last day.
Possible scenario : The best way to use this opportunity is to place a Sell order at 1.11265.
Set your stop loss at 1.11425 above the previous high ($1.60 loss for 0.01 lot) and take profit at 1.11105 ($1.60 profit for 0.01 lot). The risk-reward ratio for this order is 1:1.
Fundamental factors
The eurozone Economic Sentiment will be released in a few hours and could affect this trade.