Hey, traders! This is an intra-day short idea on EURUSD.
Technicals: (read chart)
- Double top on pivot area
- 62% retracement
- Break and retest of internal structure
- Intra-day re-target lows
Fundamentals: Key Themes
- USD: No progress last Tuesday on debt-ceiling negotiations
- USD: Market fears > Risk Aversion > USD appreciation
- EUR: Lack of catalysts this week
- EUR: ECB hawkish remarks already priced-in
I expect these themes to only be short-term though
Happy Trading!
Technicals: (read chart)
- Double top on pivot area
- 62% retracement
- Break and retest of internal structure
- Intra-day re-target lows
Fundamentals: Key Themes
- USD: No progress last Tuesday on debt-ceiling negotiations
- USD: Market fears > Risk Aversion > USD appreciation
- EUR: Lack of catalysts this week
- EUR: ECB hawkish remarks already priced-in
I expect these themes to only be short-term though
Happy Trading!
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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.