Short bias on EURUSD
Short EURUSD
Entry -- Around 1.11000 to 1.11500
Stop -- 50 Pips above entry
Target -- 1.08000
Technical Perspective -- 1. Price going closely to it's 0.5 fibo retracement (fibo level from 1.15000 to 1.08000)
2. Price going near it's 20 EMA.
3. Previous support now could turn as a resistance
Fundamental Perspective -- 1. Russia Ukraine war are still on the way. No peace talk happening
2. Risk on sentiment are still on the way.
3. Hawkish Fed which recently hikes its rates 25 bps.
Entry -- Around 1.11000 to 1.11500
Stop -- 50 Pips above entry
Target -- 1.08000
Technical Perspective -- 1. Price going closely to it's 0.5 fibo retracement (fibo level from 1.15000 to 1.08000)
2. Price going near it's 20 EMA.
3. Previous support now could turn as a resistance
Fundamental Perspective -- 1. Russia Ukraine war are still on the way. No peace talk happening
2. Risk on sentiment are still on the way.
3. Hawkish Fed which recently hikes its rates 25 bps.
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.