I'm initiating a short position on EUR/USD, anticipating a bearish move driven by strengthening U.S. dollar fundamentals and/or eurozone weakness. Technical indicators signal a potential downside: the pair is struggling to hold above key resistance near [1.14500], with bearish divergence on RSI and a breakdown below [1.14000] confirming downside momentum.
Entry: [1.13700]
Stop Loss: [1.14200]
Take Profit: [I1.1820]
Risk/Reward Ratio: [1:4 R:R]
Timeframe: [4H / Daily]
Rationale: Hawkish Fed tone vs dovish ECB outlook, weaker Eurozone data, and potential flight to safety supporting the USD.
Entry: [1.13700]
Stop Loss: [1.14200]
Take Profit: [I1.1820]
Risk/Reward Ratio: [1:4 R:R]
Timeframe: [4H / Daily]
Rationale: Hawkish Fed tone vs dovish ECB outlook, weaker Eurozone data, and potential flight to safety supporting the USD.
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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.