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Euro / U.S. Dollar
Short
Updated

EURUSD Update #1: Trade Active

144
Trade active.

TP1: 1.16500
TP2: 1.16200
SL: 1.17900
R/R: 3.0

Supporting factors:
  • S&P and DJIA up 0.3% and 0.6% respectively
  • US CPI to rise 0.2%
  • Weaker EUR economy, lead by weak German production
  • Head and shoulders pattern
Note
First Fibo re-tracement reached - second opportunity to enter if you missed the first entry point.
snapshot
Note
Looks like the Euro isn't going down without a fight. Multiple retests expected during the short.
snapshot
Trade closed: target reached
Chris4XTrading
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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.
Trend Analysis
Chris4XTrading
Also on:

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.