EURUSD - Sell
I'm looking to enter a sell position on EURUSD at 1.08445. Here's my reasoning:
Dollar Strength:
The US dollar has been strengthening recently against various currencies, and EURUSD could be next.
Positive US Economic Data:
Strong economic data releases from the US could boost confidence in the dollar.
Technical Entry Point:
1.08445might be a technically attractive level to enter a short position based on historical price movements or technical indicators like moving averages or relative strength index (RSI).
I have a limit order set risking 0.5% looking for 1.5%
Entry: 1.08445
Stop: 1.08675
Profit: 1.07214
Dollar Strength:
The US dollar has been strengthening recently against various currencies, and EURUSD could be next.
Positive US Economic Data:
Strong economic data releases from the US could boost confidence in the dollar.
Technical Entry Point:
1.08445might be a technically attractive level to enter a short position based on historical price movements or technical indicators like moving averages or relative strength index (RSI).
I have a limit order set risking 0.5% looking for 1.5%
Entry: 1.08445
Stop: 1.08675
Profit: 1.07214
Trade active
Trade closed: stop reached
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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.