Short

Euro Supply Zone short

Updated

Great price action in the supply zone to go short. Also at top of triangle. Aim for the 89 MA (blue line)

Note

The eurozone's economy slowed further in the three months through June, expanding at an annualized rate of 1.4%. That contrasts heavily with the 4.1% GDP growth recorded in the U.S., likely widening the gap between the interest rates set by the Fed and ECB. Eurozone inflation meanwhile rose by 2.1% in the year to July, though that was largely driven by stronger energy prices.

Trade active

Already at 50% of TP....set SL to B/E and may take some profit if you like.

Trade closed: target reached

NoahD

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.