What’s Expected for the EURUSD and USDTRY
EURUSD – Is moving in a short term channel with potentials for up and down. Break any direction and it may be a good straddle trade. On the upside targets are 1.0680/90 and 1.07400 – 1.0740 levels. On the downside of things 1.0630/20 region and 1.0600.
USDTRY – This pair has some potential if it breaks the support line. We might see it withdraw all the way back down to 3.7470 – 1.7120 levels in the short term.
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***Information contained in this news letter are gathered from third parties and should not be regarded in any way as trade advice or recommendations by CM Trading. CM Trading does not recommend or advise traders or investors in their decision making, but merely provides information from the market for its clients as additional information being made available as per the events occurring in the financial markets.
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