Daily Trading Analysis 11.05.2021

Technical & Fundamental analysis

Trading Analysis of EUR/USD According to ECB Chief Economist P. Lane: The eurozone economy will be able to recover to its pre-pandemic levels by the spring of 2022; The road to recovery will be long; However, the economy will show rapid growth; Fiscal and monetary policy measures are still needed to support the recovery. Our Analysis: Provided that the currency pair is traded above 1.2125, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1.2147 Take Profit 1: 1.2160 Take Profit 2: 1.2180 Alternative scenario: In case of breakdown of the level 1.2125, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1.2125 Take Profit 1: 1.2100 Take Profit 2: 1.2070 Learn More Trading Analysis of S&P 500 Index The U.S. stock market closed Monday's trading with a decline amid negative dynamics from the technology, consumer services and consumer goods sectors. The Dow Jones was down 0.10 percent at closing time on the New York Stock Exchange. Our Analysis: Provided that the index is traded below 4220.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 4188.00 Take Profit 1: 4152.00 Take Profit 2: 4132.00 Alternative scenario: In case of breakout of the level 4220.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 4220.00   Take Profit 1: 4238.00 Take Profit 2: 4255.00 Learn More Fundamental Trading Analysis of eBay  eBay has been a somewhat dormant e-commerce player for the past few years, but it revived last year thanks to a sudden interest in online shopping during the coronavirus pandemic and a new CEO who took office in April 2020. Now some investors are wondering if the transformation will continue and what it will mean for the company's stock. Our Analysis: Provided that the company is traded below 63.30, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 59.78 Take Profit 1: 53.60 Take Profit 2: 51.10 Alternative scenario: In case of breakout of the level 63.30, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 63.30   Take Profit 1: 67.50 Take Profit 2: 70.00 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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