EUR/USD Bearish Outlook: Selling Opportunity Within Parallel Channel
The EUR/USD currency pair is showing a strong downside momentum, trading within a well-defined parallel channel. This creates an ideal selling opportunity for traders looking to capitalize on the bearish trend.
🔻 Trade Setup: EUR/USD Short PositLates
✅ Ratest Entry Level 1.09208
📉 Entry Level: 1.08990
🎯 Target 1: 1.08330
🎯 Target 2: 1.07690
🎯 Final Target: 1.06800
🔻 Why Sell EUR/USD?
✅ Technical Analysis: The price remains under pressure, forming lower highs and lower lows, respecting the parallel channel.
✅ Momentum and MACD suggest increasing selling pressure.
✅ Fundamental Outlook: The USD remains strong amid market uncertainty, adding weight to the bearish bias.
⚠ Risk Management is Crucial!
🔹 Always use a stop loss to protect your capital.
🔹 Stick to the strategy and avoid emotional trading.
🔹 Manage your position size based on your risk tolerance.
📊 Stay Updated with Market Trends!
📍 Follow for real-time market updates, expert trade setups, and profitable strategies.
📍 Like & Comment if you found this analysis helpful!
🚀 Let’s trade smart and win together! 🚀
The EUR/USD currency pair is showing a strong downside momentum, trading within a well-defined parallel channel. This creates an ideal selling opportunity for traders looking to capitalize on the bearish trend.
🔻 Trade Setup: EUR/USD Short PositLates
✅ Ratest Entry Level 1.09208
📉 Entry Level: 1.08990
🎯 Target 1: 1.08330
🎯 Target 2: 1.07690
🎯 Final Target: 1.06800
🔻 Why Sell EUR/USD?
✅ Technical Analysis: The price remains under pressure, forming lower highs and lower lows, respecting the parallel channel.
✅ Momentum and MACD suggest increasing selling pressure.
✅ Fundamental Outlook: The USD remains strong amid market uncertainty, adding weight to the bearish bias.
⚠ Risk Management is Crucial!
🔹 Always use a stop loss to protect your capital.
🔹 Stick to the strategy and avoid emotional trading.
🔹 Manage your position size based on your risk tolerance.
📊 Stay Updated with Market Trends!
📍 Follow for real-time market updates, expert trade setups, and profitable strategies.
📍 Like & Comment if you found this analysis helpful!
🚀 Let’s trade smart and win together! 🚀
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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.