EURUSD Short Idea
Updated
Hello
I have two views on EURUSD. Both of them refer to price reduction.
In this analysis, I have specified 2 yellow and red ranges.
1- At the beginning of the week, the price starts to decrease from the yellow range.
2- The price rises up to the red range and then starts to decrease.
These two ranges are two strong resistances to break, which I give a low probability of breaking.
On July 12, the CPI index will be released, which will attract all the attention. The monthly CPI index is the most important and can move the price by many pips in less than a minute. Publishing negative numbers can lead to the opposite of this idea.
As of now, it is difficult to determine how far the price will fall and where the price target is.
But I think the price will fall to at least 1.08940 and then the final decision should be made by checking the chart.
Good luck
I have two views on EURUSD. Both of them refer to price reduction.
In this analysis, I have specified 2 yellow and red ranges.
1- At the beginning of the week, the price starts to decrease from the yellow range.
2- The price rises up to the red range and then starts to decrease.
These two ranges are two strong resistances to break, which I give a low probability of breaking.
On July 12, the CPI index will be released, which will attract all the attention. The monthly CPI index is the most important and can move the price by many pips in less than a minute. Publishing negative numbers can lead to the opposite of this idea.
As of now, it is difficult to determine how far the price will fall and where the price target is.
But I think the price will fall to at least 1.08940 and then the final decision should be made by checking the chart.
Good luck
Trade closed: stop reached
With the release of the CPI index, prices crossed boundaries.
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