Tickmill’s Investing Diva, EURUSD Daily Outlook 25-02-20

Tickmill’s Investing Diva, EURUSD Daily Outlook 25-02-20

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EURUSD Daily Outlook – The coronavirus remains the big headline globally and the markets reacted big time to the latest news on Monday… but early during the Asian session we already saw a bit of a rebound.

The biggest risk event on Tuesday other than this is the US consumer confidence index for February.

Today I’m looking at the EUR/USD pair which was among the major currency pairs to see a rebound at a key support level.

We predicted the pair could reach 1.0785 end of January after it broke below the daily Ichimoku cloud.

After reaching exactly the level we talked about back then, the pair has now rebounded towards the pivot level of 1.0876.

This, however, doesn’t mean the losses for EUR/USD has ended and could simply be a temporary correction.

The next support is at 1.0580.

Do you think the EUR/USD pair will reach this level this week? Or do you think it will go up from here?

Head over to the comments section and let me know!

Of Course, trading in the financial markets involves a risk of loss and you should only trade the money you can afford to lose. If you liked this video, give it a thumbs up and subscribe to the Tickmill YouTube channel. I’ll get back to you with more updates tomorrow.

Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company.

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