(News Bulletin 247) – The News Bulletin 247 team foresees a downside potential on the EURUSD currency pair which will constitute the underlying of a perfectly adapted turbo Put (2PJKB).
This extremely reactive derivative product, issued by BNPPARIBAS, can be worked on by the most active investors. Leverage is close to 11.
KEY GRAPHIC ELEMENTS
After gradually weakening from February 6 to 14, the 50-day moving average (in orange) ended up giving way. This underlying trend line is now under threat from its 20-day counterpart (in dark blue). The sell signal would then gain in intensity if necessary.
FORECAST
In this context, the most active investors will bet on this bearish scenario (put) by positioning themselves on the turbo Put, issued by BNPPARIBAS and with the mnemonic code 2PJKB, on US DOLLAR, at €8,306.
They will take their profits when the underlying reaches $1.024 or limit their losses by selling the turbo if they break through $1.081.
We will take care to note that in return for a very high leverage effect, if the deactivating barrier at $1.16 (purple line) is reached by the underlying, the loss of capital is total.
The News Bulletin 247 board
CHART IN DAILY DATA
function creatOutbrainJs() {
const creatJs = document.createElement(“script”);
creatJs.defer = true;
creatJs.src = “https://widgets.outbrain.com/outbrain.js”;
return document.body.appendChild(creatJs);
}
window.didomiOnReady = window.didomiOnReady || [];
window.didomiOnReady.push(function(Didomi) {
console.log(“Didomi ready “);
Didomi.getObservableOnUserConsentStatusForVendor(164)
.filter(function (status) { return status !== undefined })
.subscribe(function(consentStatus) {
if (consentStatus === false || consentStatus === true) {
console.log(“Didomi consent -> exécution du script outbrain “, consentStatus);
creatOutbrainJs()
}
});
});
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
