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Shorteurusd

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
Short EURUSD To Around $0.99An analysis of a variety of time frames ranging from the daily to the monthly month time frame suggests that the EURUSD price will continue to be observed in a down trending environment, which started June, 2021. In July, 2022, the EURUSD price may find support around $0.99xxx and resistance around $1.03xxx. In the daily time frame, the EURUSD may continue to fall to around $1.00xxx or $1.01xxx before turning up around July 12. This is not financial advice. I am not your financial advisor. This is my opinion.
Short
by Eightchains