*EUR/USD Sell Signal:*
A potential selling opportunity has been identified in the EUR/USD pair, with a sell entry at 1.09154. This level has been identified as a strong resistance level, where sellers may enter the market and push prices lower.
*Key Levels:*
- *Sell Entry:* 1.09154
- *Target Levels:* 1.07502, 1.06209, 1.05309
- *Stop-Loss:* 1.11351
*Market Analysis:*
The EUR/USD pair has been under pressure due to negative economic data from the Eurozone, including low inflation and weak growth. The pair's momentum indicators, including the RSI and MACD, are showing bearish signals, indicating a potential decline in prices.
*News Points to Watch:*
1. *ECB Meeting:* The European Central Bank (ECB) is set to meet on Thursday, where it may discuss interest rates and monetary policy. A dovish tone from the ECB could further weaken the euro.
2. *US GDP Data:* The US GDP data is set to be released on Friday, which could impact the US dollar. A strong GDP reading could boost the dollar and put further pressure on the euro.
3. *Eurozone Inflation Data:* The Eurozone inflation data is set to be released on Friday, which could impact the euro. A low inflation reading could further weaken the euro.
*Technical Analysis:*
The EUR/USD pair has formed a bearish chart pattern, indicating a potential decline in prices. The pair's technical indicators, including the RSI and MACD, are showing bearish signals.
*Trading Strategy:*
Sellers may look to enter the market at the sell entry of 1.09154, with a stop-loss at 1.11351. The TP levels can be used to take profits, or to adjust the stop-loss to break-even.
Keep remember the Travis with best wishes 👍
A potential selling opportunity has been identified in the EUR/USD pair, with a sell entry at 1.09154. This level has been identified as a strong resistance level, where sellers may enter the market and push prices lower.
*Key Levels:*
- *Sell Entry:* 1.09154
- *Target Levels:* 1.07502, 1.06209, 1.05309
- *Stop-Loss:* 1.11351
*Market Analysis:*
The EUR/USD pair has been under pressure due to negative economic data from the Eurozone, including low inflation and weak growth. The pair's momentum indicators, including the RSI and MACD, are showing bearish signals, indicating a potential decline in prices.
*News Points to Watch:*
1. *ECB Meeting:* The European Central Bank (ECB) is set to meet on Thursday, where it may discuss interest rates and monetary policy. A dovish tone from the ECB could further weaken the euro.
2. *US GDP Data:* The US GDP data is set to be released on Friday, which could impact the US dollar. A strong GDP reading could boost the dollar and put further pressure on the euro.
3. *Eurozone Inflation Data:* The Eurozone inflation data is set to be released on Friday, which could impact the euro. A low inflation reading could further weaken the euro.
*Technical Analysis:*
The EUR/USD pair has formed a bearish chart pattern, indicating a potential decline in prices. The pair's technical indicators, including the RSI and MACD, are showing bearish signals.
*Trading Strategy:*
Sellers may look to enter the market at the sell entry of 1.09154, with a stop-loss at 1.11351. The TP levels can be used to take profits, or to adjust the stop-loss to break-even.
Keep remember the Travis with best wishes 👍
Trade active
Note
We are on the way ways guys ↘️
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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.
Related publications
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.