Daily Trading Analysis 19.07.2021

Technical & Fundamental analysis

Trading Analysis of EUR/USD EUR/USD: attention is on the new ECB hints. Our Analysis: While the price is below 1.1950, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1812 Take Profit 1: 1.1700 Take Profit 2: 1.1600 Alternative scenario: If the level 1.1950 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1950 Take Profit 1: 1.2050 Take Profit 2: 1.2095 Learn More Trading Analysis of GBP/USD GBP/USD is holding around 1.3815-20, but might test 1.3750, reacting to the tone of the ECB statement. Our Analysis: While the price is below 1.4040, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3762 Take Profit 1: 1.3670 Take Profit 2: 1.3540 Alternative scenario: If the level 1.4040 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4040 Take Profit 1: 1.4240 Take Profit 2: 1.4380 Learn More Fundamental Trading Analysis of Twitter Social media companies have had a great year due to the fact that the "stay-at-home" trend has boosted activity and engagement on their platforms. But the situation is changing, and life is slowly returning to normal, so it may well be that the most successful times are behind for some of these technology companies.  Our Analysis: While the price is below 67.70, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 66.07 Take Profit 1: 64.80 Take Profit 2: 62.90 Alternative scenario: If the level 67.70 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 67.70 Take Profit 1: 77.50 Take Profit 2: 81.20 Learn More ‌ ‌ ‌ Risk Warning: Forex and CFD trading carry a high degree of risk. As such they may not be suitable for all investors. Investors should ensure they fully understand the risks associated with CFD trading before deciding to trade. Investors may choose to seek independent advice and should not risk more than they are prepared to lose.

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