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Eurusdshort

Seizing Short-Term Selling Opportunity After Key Level Breakout?"We have broken out of the 1.11 level, with the price showing signs of being excessively overbought on the lower timeframes. As we approach the weekly swing high from 2022 at 1.118, we can anticipate a short-term retracement below 1.11. Therefore, I am currently seeking a short-term selling opportunity, watching for signals on my TRFX indicator above 1.115. My target for this trade is 1.106, which was previously a resistance level and is now expected to act as support. In the long term, there is a possibility of the price moving higher. However, considering the overbought conditions and the price nearing a weekly swing high, we can anticipate some short-term resistance. Once the signal is confirmed, I will place the stop loss above the 2022 swing high. As the trade progresses, I will adjust the stop loss to the entry price." Please note that trading decisions should be made based on thorough analysis and understanding of the market.
Short
by TheFxAce
13
EU - 11JulBe sure to see my previous post If you see it, you will understand that I see the trend as bullish But I said that every day is not going to be bullish to reach the buyside So, if we look at the daily chart, after the price has reached the high of the previous week and two weeks ago, it can have a short fall (to correct the price). Of course, there are still 6 hours left until the end of today's candle to make this FVG for us But I'm posting this to say don't be surprised if the price is bearish tomorrow
Short
by mohammadsamiei
#EURUSD. 🔴 M15. Short. (#EuroUSDollar). The Entry Price is higher than the Market Opening Price.(✔️) M15 imbalance on the potential of the H1 range. (✔️) Below the level of the First Seller of stock options. (⚠️) ps since the price is in search of a new range, we can try to sell from this reversal structure in order to pick up the corrective movement. But perhaps there will be a change of trend in this place. We'll see. According to my entry point, the first target has already worked out, and now the imbalance is retested. input: 1.10066 (on imbalance test) stop: 1.10322 tp-1: 1.09799 tp-2: 1.09276
Short
by TrEKone
1
EUR/USD Prediction on 10.07.2023The current market conditions reflect a bullish trend for the Euro (EUR) in the short-term. This means that for the next few weeks to months, the EUR is expected to appreciate in value against other currencies. Various factors are driving this momentum, such as positive economic data from the Eurozone, including improving GDP growth rates, low unemployment rates, and rising consumer and business confidence levels. Moreover, the European Central Bank (ECB) has maintained accommodative monetary policies which are boosting the liquidity in the economy and thereby supporting the EUR's strength. However, in contrast to the short-term bullish outlook, the long-term view for the Euro is bearish. Analysts project that over the next few years, the EUR will depreciate in value. There are a few reasons behind this longer-term bearish sentiment. Firstly, the structural issues within the Eurozone continue to pose a risk. High levels of public debt in some member countries, coupled with slow structural reforms, could weigh on the Euro's value. Additionally, the demographic challenges of an aging population in several key Eurozone economies may lead to lower economic growth rates in the future. Secondly, the ECB's long-term monetary policy stance could become less accommodative as the economy improves. This shift could include lowering the pace of asset purchases or raising interest rates, which may exert downward pressure on the Euro. Lastly, it's worth considering global factors. The expected strengthening of other major currencies, especially the US Dollar, due to their faster pace of economic recovery and potential interest rate hikes, could make the Euro less attractive, thus driving its value down. In summary, while the EUR shows bullish signs in the short term due to favorable economic conditions and monetary policy, long-term bearish factors including structural issues, possible changes in ECB policy, and stronger global currencies suggest a depreciation in its value. However, it's important to note that currency forecasting can be complex and unpredictable, and various unforeseen events or changes in circumstances can alter these expectations. As such, this analysis should be used as a guide and not a guarantee of future performance.
Short
by mazayafx
Ellison EUR/USD Morning analysis 06/07Keep in mind we are still early into the business month and business quarter and we have had some US holidays at the beginning of the week so we haven't had much volume and volatility this week so far. But the second half of this week does seem more eventful and we should see some increase in volume and volatility up until the end of the week in my opinion. From a macro fundamental perspective central bank monetary policy has been the main driving factor and what we have been taking advantage of for the dollar. It still remains on the bullish side as FEDs look to keep rates up in a restrictive stance and follow their methodology of rates up higher for longer to ensure inflation reaches their goal of 2% and maintains that goal of 2% for a significant period of time. Potential to start to see some dollar strength and sells on EUR/USD. If we see rejections from prices 1.087 or 1.089, I will be looking for sell entries. I can only see buys if we break above and hold 1.093.
Short
by EllisonCapital
1
eurusd scalpingthere are two good support and demand zones for eur and I'm waiting for price movement. I believe that there is a good chance for price to firstly see the demand zone and then go for the support one. so I'm waiting for a short and then a long position. ⚠️ Notice: I will enter one third of my position on 70/30% of the box and the rest of it in the middle (50%) of the box. My TP would be R/R=3 and 5. Please trade with your own money management methodology and be aware that trading has its own risks and rewards.
by mirzaeiamirsoheil
EUR/USD Prediction on 04.07.2023The euro, the second most traded currency in the world, is currently experiencing a significant downturn. The eurozone, a strong economic bloc boasting some of the world's most robust economies, is now facing turbulence, putting the strength of the euro under unprecedented strain. For several reasons, analysts and investors are growing increasingly skeptical about the euro's short-term prospects, prompting the suggestion that it might be the right time to sell the currency. The economic slowdown in several major European economies, growing political uncertainty, and the eurozone's struggle to respond to these challenges effectively are the key reasons behind the euro's current weakness. The euro's depreciation is not an isolated phenomenon but a reflection of the broader economic landscape in the eurozone. In terms of growth, many significant economies in the eurozone have struggled to regain momentum after the economic disruptions of the COVID-19 pandemic. Italy, Spain, and even powerhouses like Germany and France have seen their growth stagnate, putting pressure on the single currency. High unemployment rates, a slowdown in consumer spending, and fragile investor confidence further amplify these challenges. The political landscape across the eurozone is another factor influencing the euro's strength. Political instability, the rise of populist parties, and internal divisions on key issues such as immigration, fiscal policy, and the future of the European Union itself are causing uncertainty. Markets abhor uncertainty, and this political turmoil has been reflected in the euro's performance. In addition, there are concerns about the European Central Bank's (ECB) ability to navigate these challenges. The ECB's policy response, including low or negative interest rates and extensive bond-buying programs, was initially successful in providing stability. However, these policies are now facing diminishing returns and raising questions about the bank's ability to effectively manage inflation and stimulate economic growth. This further underlines the weakness of the euro and reinforces the case for selling the currency. From an investor perspective, the declining euro presents both risks and opportunities. The current weak state of the euro suggests that now may be an opportune time to sell. For those holding significant amounts of the euro, selling now may be the best way to minimize potential losses should the euro continue to depreciate. On the other hand, it is crucial to note that currency markets can be extremely volatile and are influenced by a wide range of factors, both predictable and unpredictable. Therefore, any decision to sell should be based on careful analysis of market trends and individual risk tolerance. The weakness of the euro is an ongoing story in the world of finance. The currency's future will largely depend on how the eurozone's economic and political problems are resolved. For now, though, the case for selling the euro appears to be a strong one.
Short
by mazayafx
Current EURUSD's resistance continues to hold back the bulls.EURUSD - 24h expiry Prices stalled near resistance and reversed lower. Trend line resistance is located at 1.0920. Further downside is expected. Risk/Reward would be poor to call a sell from current levels. Momentum is flat, highlighting the lack of clear direction. We look to Sell at 1.0919 (stop at 1.0949) Our profit targets will be 1.0844 and 1.0834 Resistance: 1.0920 / 1.0940 / 1.0950 Support: 1.0900 / 1.0850 / 1.0840 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
1
SHORT - EURUSD (D) (28 May 2023)Position Trade - EURUSD EURUSD is reaching FRESH area of Monthly Supply. Could be MEGA opportunities selling all the way down once it happens. In the Monthly Chart, - Price reaching Monthly fresh area of Supply which is a Continuation Demand; nevertheless, it is a strong zone since it pressed the price down from Feb 2022. In the Weekly Chart, - The WK Supply zone is not fresh, hence I am looking for SELLS once price breaks another zone to sell from there, instead of expecting price to retrace back to the higher supply zone, which has been tested. In the Daily Chart, - If price breaks the Weekly Demand zone, look for a valid zone in the Daily chart for SELLs Alerts were set in the Weekly Chart on 28 May 2023.
Short
by angieh