Euro / U.S. DollarShort
Presion Bajista EurUsd
Market Summary: EUR/USD closed today at 1.0939, showing a bearish trend throughout the session. The RSI is at 35.5, indicating selling pressure and a potential further decline, as the MACD also remains in negative territory.
Macroeconomic Data Impact:
Crude Oil Inventories: Today’s crude inventories exceeded forecasts at 5.81M, potentially impacting the dollar, although effects have been limited so far.
October 10 Expectations:
CPI (Consumer Price Index): A slight slowdown is expected in the annual CPI (2.3% vs. 2.5% prior), which could weaken the dollar if inflation cooling forecasts are confirmed.
Jobless Claims: Forecasts are at 231K, and any significant deviation could alter market sentiment and add volatility to the EUR/USD pair.
Key Technical Levels:
Support (S1): 1.0935
Resistance (R1): 1.0942
Pivot: 1.0939
Recommended Entry Strategy: Given the current context, a short (sell) position is recommended with:
Entry Level: 1.0935, aiming for continued downside.
Stop Loss: 1.0946, above resistance R2.
Take Profit: 1.0928, capturing a potential break of immediate support.
Good luck!
Macroeconomic Data Impact:
Crude Oil Inventories: Today’s crude inventories exceeded forecasts at 5.81M, potentially impacting the dollar, although effects have been limited so far.
October 10 Expectations:
CPI (Consumer Price Index): A slight slowdown is expected in the annual CPI (2.3% vs. 2.5% prior), which could weaken the dollar if inflation cooling forecasts are confirmed.
Jobless Claims: Forecasts are at 231K, and any significant deviation could alter market sentiment and add volatility to the EUR/USD pair.
Key Technical Levels:
Support (S1): 1.0935
Resistance (R1): 1.0942
Pivot: 1.0939
Recommended Entry Strategy: Given the current context, a short (sell) position is recommended with:
Entry Level: 1.0935, aiming for continued downside.
Stop Loss: 1.0946, above resistance R2.
Take Profit: 1.0928, capturing a potential break of immediate support.
Good luck!
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.