Don’t waste your time – keep track of how NFP affects the US dollar!

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Join the Facebook community of FBS!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Email tooltip

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

FBS Mobile Personal Area

FREE

View
Protect EUR/USD trade ahead of ECB decision

Protect EUR/USD trade ahead of ECB decision

Information is not investment advice

H4 chart

eurusdh4.png

Daily chart

eurusdd1.png

Two days ago, we sent out a new short trade on EUR/USD at 1.2180 in addition to a pending order to short again at 1.2205. EUR/USD managed to rise yesterday, all the way to 1.2218 before tumbling back to 1.2155 earlier today. With that being said, both positions are in profit with over +100 pips combined. Today, all eyes are headed toward the ECB decision which likely to have a major impact on EUR pairs. Therefore, it’s wise to protect our trade by moving the stop from 1.2225 to our entry. By doing this, the trade is now “Risk-Free” the worst-case scenario if EUR/USD spike to our stop, we will get stopped out without any loss. On the other hand, the next support area stands at 1.2110, while a breakthrough that support might lead to a deeper decline towards 1.2065.

S3

S2

S1

Pivot

R1

R2

R3

1.2096

1.2143

1.2161

1.2190

1.2208

1.2237

1.2284

TRADE NOW

Similar

Popular

Choose your payment system

Learn more

Callback

Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

Next callback request for this phone number will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later