FX.co - Trading plan EURUSD 10/31/2019

2019-10-31T06:46:10

Relevance until2019-11-01

The Fed's decision to cut the rate by 0.25% to 1.625% caused the euro to rise.

Ahead of the US employment report for October – Friday, November 1st.

To continue the upward trend, the euro needs to go through the zone of 1.1180 – 1.1200 and gain a foothold above.

EURUSD: We keep purchases from 1.0945 and 1.1005.

The stop can be moved to 1.1070 – and put the entrance there to turn down.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Jozef Kovach

FX.co ★ Trading plan EURUSD 10/31/2019