At Tuesday's trading, the dollar overcame the weak level as traders balanced between the increase in COVID-19 infections, the expansion of quarantine restrictions, and the likely fiscal stimulus and the spread of the vaccine
Our Analysis:
Provided that the currency pair is traded above 0.7415, follow the recommendations below:
- Time frame: 30 min
- Recommendation: long position
- Entry point: 0.7446
- Take Profit 1: 0.7465
- Take Profit 2: 0.7480
Alternative scenario:
In case of breakdown of the level 0.7415, follow the recommendations below:
- Time frame: 30 min
- Recommendation: short position
- Entry point: 0.7415
- Take Profit 1: 0.7400
- Take Profit 2: 0.7385
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