INSTITUTIONAL TRADE: Short EURUSD - Credit Agricole

5/05/2020 04:17:00 AM
Credit Agricole has gone short EURUSD

Details:

Entry: 1.0935
Target: 1.0700
Stop Loss: 1.1100

Reason:

Spot EUR/USD has become significantly overvalued. The FAST FX model has entered a short EUR/USD trade with a target of 1.0731 and a stop-loss of -4.00%.

Key US economic data this week including non-farm payrolls and nonmanufacturing ISM data will also be important to the performance of the model's short EUR/USD trade.

* This is from institutional order, If all economic going like that it can work but if suddenly any market moving opposite news come then it may be not work. So follow it at your own risk.
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