CommoditiesForexMarket ReviewStocks

Bear menu for today

On the Bear menu for today we have heavy expected downside in EURUSD, that level is expected at 1.1130 from that level we could see significant downside over the course of the week to 1.0520 that is still the ultimate target.

If the price gets to 1.1130 and does not go down and starts to trade at 1.115 then we will need to wait for more information but likely that it will consolidate until it gets back down to 1.1070 then we can sell again.

With GBP/USD we can look for a bounce back to 1.25, as before it goes lower, we could see it trade above Fridays close, and then continue with the selling idea. Why? Because the US will try to fight before the real numbers come out this Friday for UNEMPLOYMENT.

Tesla, although it’s a great company, is a luxury company right now, and luxury is not a priority, this will be an amazing buy at 80$ a share but right now the opportunity is to sell to about 100$ a share with the first target at 260$ a share.Now in the USA they had a big number of people applying for unemployment benefits, but what most people don’t know is the site for applications crashed due to the high volume, so the numbers on the next release will be significantly higher which means sell sell sell for US stocks.

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