Expires: 30/04/2025 06:00
Trade Summary
Duration: Intraday
Technical View
Price is reacting to the 50% Fibonacci pullback level (0.8527), where selling has resumed.
Short-term bias remains bearish, with no clear signs of reversal.
Previous support at 0.8520 now acts as resistance, reinforced by the 20-period 4H EMA at 0.8523.
The move lower is intact, favoring a sell-on-rally approach.
Resistance: 0.8520 / 0.8548 / 0.8584
Support: 0.8487 / 0.8450 / 0.8425
Upcoming Event Risk
29/04/2025 10:00 (EU): Business & Consumer Surveys
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Trade Summary
- Type: Sell Limit
- Entry: 0.8525
- Target: 0.8440
- Stop Loss: 0.8556
- Risk/Reward Ratio: 2.74:1
Duration: Intraday
Technical View
Price is reacting to the 50% Fibonacci pullback level (0.8527), where selling has resumed.
Short-term bias remains bearish, with no clear signs of reversal.
Previous support at 0.8520 now acts as resistance, reinforced by the 20-period 4H EMA at 0.8523.
The move lower is intact, favoring a sell-on-rally approach.
Resistance: 0.8520 / 0.8548 / 0.8584
Support: 0.8487 / 0.8450 / 0.8425
Upcoming Event Risk
29/04/2025 10:00 (EU): Business & Consumer Surveys
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.