Euro / U.S. DollarShort
EURUSD Sell (Limit Order)
Updated
I'm looking to enter a sell position on EURUSD at 1.08520. 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.
Geopolitical Uncertainty:
Global tensions or crises can sometimes lead investors to seek the safe haven of the US dollar.
Technical Entry Point:
1.08520 might 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: 1.08520
Stop: 1.09102
Profit: 1.06660
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.
Geopolitical Uncertainty:
Global tensions or crises can sometimes lead investors to seek the safe haven of the US dollar.
Technical Entry Point:
1.08520 might 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: 1.08520
Stop: 1.09102
Profit: 1.06660
Order cancelled
Trade cancelled. New order placed.
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