Long EUR/USD | Trade of the week

This week, we're going long EUR/USD, as the pair bounces off a key 17-month low just above $1.1100 for the second time in recent weeks. With the US midterm elections expected to weigh on the dollar and the euro shrugging off a Fitch downgrade of French debt, the technical and fundamental case points higher. Entry at $1.1220, stop at $1.1065 and target at $1.1400. Last week's long FTSE 100 is back around entry levels, with the stop at 10,600 and target at 11,000 still in place. 👉 In this video: ✅ Why we're going long EUR/USD ✅ US midterms and Fitch downgrade as key drivers ✅ Update on the FTSE 100 long #Trading #EURUSD #Forex #TechnicalAnalysis #Markets #TradeOfTheWeek Trade of the Week Playlist: ►https://www.youtube.com/playlist?list=PLiuPElZAFyTJFfLuMPPt1SvCt8gJEpNs7 📈 Catch more market commentary and insights on our channel. 🔔 Subscribe ► https://www.youtube.com/@iguk_official?sub_confirmation=1 Find out more: https://www.ig.com/uk/ways-to-trade?region=uk&utm_medium=organic_social&utm_source=youtube&utm_campaign=description&product=trading&utm_marketing_tactic=consideration&utm_creative_format=text_link&utm_content=yt_description&audience=na Your capital is at risk. 70% of retail investors lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.