Euro / U.S. DollarShort
Can the Greenback continue its Reign against the EURO?
Hello traders,
The current market volatility, fueled by recent events, presents an exciting trading environment. I'm sharing my analysis of the EUR/USD pair, where I anticipate continued weakness in the Euro and strength in the Dollar.
Short-Term Outlook
Given the strong bearish potential on higher timeframes, I'm maintaining a short position on this timeframe. The breach of the significant level at 1.0500 reinforces this outlook, as long as prices remain below this level.
Entry and Invalidation Points
With the recent pullback to 1.03800, I've identified multiple confluences on lower timeframes, making it an attractive entry point. My invalidation price is set at 1.041, above which I'll reassess and await another entry opportunity.
Target
My target is set at the next significant level, 1.0, which I believe offers a compelling price target.
Risk Management
As always, please remember that nothing is guaranteed in trading. The only aspect we can control is our risk. Trade safely until next time.
Best regards,
Tradebudz
The current market volatility, fueled by recent events, presents an exciting trading environment. I'm sharing my analysis of the EUR/USD pair, where I anticipate continued weakness in the Euro and strength in the Dollar.
Short-Term Outlook
Given the strong bearish potential on higher timeframes, I'm maintaining a short position on this timeframe. The breach of the significant level at 1.0500 reinforces this outlook, as long as prices remain below this level.
Entry and Invalidation Points
With the recent pullback to 1.03800, I've identified multiple confluences on lower timeframes, making it an attractive entry point. My invalidation price is set at 1.041, above which I'll reassess and await another entry opportunity.
Target
My target is set at the next significant level, 1.0, which I believe offers a compelling price target.
Risk Management
As always, please remember that nothing is guaranteed in trading. The only aspect we can control is our risk. Trade safely until next time.
Best regards,
Tradebudz
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.
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.