Euro / U.S. DollarShort
EURUSD - Signalling a Bearish Move
Eurusd is showing a rejection from above trendline and as far as above resistsance is expected we can expect a Bearish move. Please be mindful of the upcoming High Impact News. Below are the possible trades.
Bearish EUR/USD Scenario:
Entry Point: A confirmed break below the recent support level at 1.0280.
Stop Loss (SL): Above the resistance level at 1.0320.
Take Profit (TP): Initial target at 1.0200, with a secondary target at 1.0150 if bearish momentum continues.
Bullish EUR/USD Scenario:
Entry Point: A confirmed break above the resistance level at 1.0350.
Stop Loss (SL): Below the support level at 1.0310.
Take Profit (TP): Initial target at 1.0400, with a secondary target at 1.0450 if bullish momentum persists.
For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management.
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Disclaimer: This content is for educational purposes only and should not be considered financial advice.
Bearish EUR/USD Scenario:
Entry Point: A confirmed break below the recent support level at 1.0280.
Stop Loss (SL): Above the resistance level at 1.0320.
Take Profit (TP): Initial target at 1.0200, with a secondary target at 1.0150 if bearish momentum continues.
Bullish EUR/USD Scenario:
Entry Point: A confirmed break above the resistance level at 1.0350.
Stop Loss (SL): Below the support level at 1.0310.
Take Profit (TP): Initial target at 1.0400, with a secondary target at 1.0450 if bullish momentum persists.
For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management.
If you found this analysis helpful, please consider boosting and following for more updates.
Disclaimer: This content is for educational purposes only and should not be considered financial advice.
Note
Price currently battling resistance a sustained break will open bullish levels:
Note
voided
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.