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Eurusdshort

EURUSD sellAs we have alot of good profits on our last trade on EURUSD we will be having another rollercoaster ride of profits this time too...if the price reaches at 1.09409 level and crosses it downwards then after confirmation which could be a Pinbar hammer or any candle we will enter short the confluance for this short is on daily timeframe we have a retracment remining to 50% level if it goes down and gives us a confirmation we will enter shorting otherwise it has completed 38% retracment on daily timeframe we will rely on buying this pair other confluance which gives me a short baised is 200SMA which is crossing the candles to the upwards also the third confluance which is somehow reliable is we have a engulfing H4 candle with a good sell volume new is also comjng tomorrow which is good for USD dollar index so we can see a downtrend for now Note : overall trend for this pair is uptrend
Short
by Wakeel_Saab
EURUSD to stall near previous resistance?EURUSD - 24h expiry Continued downward momentum from 1.1053 resulted in the pair posting net daily losses yesterday. There is no sign that this bearish momentum is faltering but the pair has stalled close to a previous swing low of 1.1008. Intraday, and we are between bespoke support and resistance 1.0860-1.0988. There is scope for mild buying at the open but gains should be limited. Economic figures could adversley affect the short term technical picture. We look to Sell at 1.0988 (stop at 1.1023) Our profit targets will be 1.0902 and 1.0882 Resistance: 1.0978 / 1.0988 / 1.1050 Support: 1.0940 / 1.0860 / 1.0837 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
EURUSD - Bearish Trend - Short Based on the chart, it appears that there is a bearish trend forming as evidenced by Lower highs (LHs) and lower lows (HLs). Further analysis using the Relative Strength Index (RSI) indicates that there is currently no divergence present. I recommend taking a short trade with a risk/reward ratio of 1:1. Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
Short
by mansooryousafzai
EUR/USD Meets Solid Support Around 1.1000 on LagardeThe EUR/USD currency pair experienced a corrective decline and revisited the key level of 1.1000. However, it encountered solid support and bounced back afterwards. The Chairwoman of the European Central Bank (ECB), Christine Lagarde, stated in a press conference that inflation pressures remain strong and wage pressure is increasing. Many Board members suggested a 50 bps rate raise due to significant upside risks to inflation. The EUR/USD is currently facing increased volatility as investors shift their focus to Lagarde’s press conference. After the ECB raised rates by 25 bps to 3.75%, the market remained inconclusive. The ECB stressed that underlying inflation remains strong and future decisions will aim to make rates sufficiently restrictive. TRADE IDEA DETAILS CURRENCY PAIR: #EURUSD CURRENT TREND: Corrective decline TRADE SIGNAL: ↘️Sell 👉ENTRY PRICE: 1.0995 ✅TAKE PROFIT: 1.0909 ❌STOP LOSS: 1.1055 With Chair Lagarde's comments about the need for more tightening and the uncertainty of the transmission of past rate raises, we believe that EUR/USD is likely to continue its corrective decline. Therefore, we recommend selling EUR/USD at 1.0995 with a stop loss at 1.1055 and a take profit target at 1.0909.
by RichDadph-FX
Preparing for the Worst: Trading Ahead of a US Debt Default "It is impossible to predict with certainty the exact date when Treasury will be unable to pay the government's bills," Treasury Secretary Janet Yellen said in a letter to Congress. Although Yellen noted a tentative date of June 1 as the due date to help spur lawmakers into action. While it is highly unlikely that the US will default on its debt, this doesn’t mean that the traders won’t make plans to deal with a default or get jittery. Two likely markets that will have to deal with the moves from these investors will be forex and gold. If uncertainties about an unprecedented potential U.S. debt default persist, the US dollar might lose some of its safe haven status which would possibly shift to gold. US President Joe Biden plans to meet with House Democratic leader Hakeem Jeffries, Senate Majority Leader Chuck Schumer and Republican leader Mitch McConnell on May 9. This will be a key date to watch the US dollar and gold in case the group come to some kind of agreement to increase the debt ceiling. With the US being the bedrock of the whole world’s financial system, we might also expect to see investors' jitters manifest in offshore-based assets too. Other safe havens such as the Japanese yen, the Swiss franc, and particularly the euro might be prime candidates for inflows.
by BlackBull_Markets
Bearish on EU Currency, But Cautiously Watching for ReversalThe EU currency has recently completed the B leg of an ABC pattern, suggesting a potential reversal to the downside. While there is a bearish bias in play, traders should be cautious and wait for reversal patterns to emerge before taking action. If no reversal patterns develop, it may be wise to stay out of the market and let the price continue its current trend, as there is still potential for a higher high forming. Traders should carefully monitor the price action and use proper risk management to protect their positions.
Short
by Dion-FX
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