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Shorteurusd

What will be the next trend of EUR/USD ?🔆The EUR/USD pair is being influenced by a number of economic and political factors, leading to significant volatility in recent times. 🔆 Technical Analysis: The EUR/USD pair is currently in an uptrend, with the price trading above both the 34 EMA and the 89 EMA, suggesting a bullish bias in the short term. The next resistance level is identified at 1.0530 as the 1.618 Fibonacci line intersects the resistance zone; if the price reaches this level, a corrective rally is expected. 🔆 Fundamental Analysis: A trade war between the US and Europe could push the euro to parity with the US dollar. New tariffs from the US could further weaken the eurozone economy, putting downward pressure on the euro. The US dollar is expected to maintain its strength against the euro as the US Federal Reserve (Fed) may cut interest rates more gradually than expected as President Trump's policies may increase inflation. 🔆 Conclusion: The trend of the EUR/USD pair in the coming period will depend on the developments of the above economic and political factors. Forecast Traders should closely monitor key support and resistance levels, along with macroeconomic information and monetary policies from both sides to make appropriate trading decisions. Thank you for reading my comment: "FM"
Short
by FM-ForexMastermind
How EUR/USD is affected by President Trump's high tariffs ?Comment: EUR/USD continues its downtrend. On the daily chart (D1), EUR/USD is in a long-term downtrend. Recently, the pair tried to correct higher but met strong resistance at 1.0340, after which it fell back. On the 4-hour timeframe (H4), the downtrend is also clear. The recent upward correction stopped at the resistance at 1.0335. The trading plan on H1 favors short positions Currently, the pair is consolidating at 1.0300. The market is waiting for the first policies of the new President D. Trump on Europe Trump's tariff policy often creates a volatile trading environment for the EUR/USD pair. If D. Trump imposes high tariffs on European goods, the USD may benefit in the short term if investors seek safety. However, in the long run, if trade tensions cause more damage to the US economy than to Europe, the USD could weaken, creating an opportunity for the EUR to rise. Thank you for reading my comment: "FM"
Short
by FM-ForexMastermind
Short Eurusd - Targeting 1.02211Eurusd has been making continuous strides further down in price. The recent pullback to 1.04500 was rejected and indicating for me more movement to the downside, there was divergence of the RSI & MFI on the 4hr at that rejection level of price. If price continues to slide, I'll be looking to target a price of 1.02211. I'm currently in a short position at 1.04077, a nice 187 pips I would be looking to grab if price hits target. Patience is key! If you see anything different, feel free to share!
Short
by CollectCap
EUR/ USD!! 5/12/2023 supporting the DOWN trend⭐️ Smart investment, Strong finance ⭐️ EUR/USD INFORMATION: The US Census Bureau released data on Monday revealing a 3.6% month-on-month decrease in US factory orders in October, following a 2.3% increase in the previous report. In addition, the Institute for Supply Management (ISM) reported that the US ISM Manufacturing PMI remained unchanged at 46.7 in November, falling short of expectations. According to Federal Reserve (Fed) Chair Jerome Powell, the US monetary policy has been successful in slowing down the economy, as predicted, with the overnight interest rate now in restrictive territory. Although Powell emphasized the Fed's readiness to further tighten policy if necessary, market sentiment suggests that the rate-hike cycle has reached its conclusion. Consequently, this has put downward pressure on the US dollar across all markets. ⭐️ Personal comments NOVA: The price area touches the downtrend line, Scalping during the day is a SELL signal ⭐️ SET UP EURUSD PRICE: 🔥SELL EUR/USD zone: 1.08500 - 1.08650 SL 1.09100 TP1: 1.08000 TP2: 1.07700 TP3: 1.07400 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
Short
by Nova-Scalper
2
EURUSD Sell OpportunityI expect price to make a final bullish push, while ultimately respecting the area of resistance. - On the monthly time frame price closed as a reversal candle stick, hinting that the previously bearish sentiment is reversing. -I am longterm bullish on EU but after the bullish push on the daily timeframe, I expect a sell off/retracement. - I am looking for price to form a bearish candle stick reversal pattern such as a double top or a bearish engulfing candle stick. -Once one of those are created, I will look to enter a sell with a TP area of 1.01, which is also acting as support, previously resistance.
Short
by NoCeilingsTrading