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EUR/USD short-term operation recommendations
On Friday (May 25) in the European market, the euro (1.1794, 0.0001, 0.01%)/US dollar accelerated its downward movement, currently trading below 1.1700.
For the euro/dollar trading strategy, TheBestForexSignal.com analyst Rose Alice wrote the following:
Currently we have considered two operational transactions:
1) Buy EUR/USD at 1.1715 with stop loss at 1.1697 and profit at 1.1730 and 1.1745.
2) Or short EUR/USD at 1.1693, stop loss at 1.1710, profit at 1.1678 and 1.1663.
At the moment, the euro has touched the 1.1693 level. We expect the euro will further decline to the 1.1663 level with a stop loss at 1.1710.
Otherwise, if you are inclined to do more than the euro/dollar, you can consider buying at 1.1715 with a stop loss at 1.1697.
Beijing time 15:51 on May 25, the euro/dollar reported 1.1688/89.