Get started

Eurusdshort

EUR/USD: Potential swing trade shortThe 10hour chart remains within an established downtrend within a bearish channel. Prices retraced towards the daily pivot point and upper trendline whilst a bearish RSI divergence formed on RSI, yet volumes were notably lower to suggest the rise was corrective. Momentum has turned lower, so perhaps the swig high has already been seen. - The bias is bearish below 1.0890 - Bears can target the daily S1 pivot for an initial target, although the daily
Short
by CityIndex
Next week EUR/USD bearish I feelTitle: EUR/USD Bearish Momentum Expected Next Week - A Comprehensive TradingView Analysis Introduction: In this trading analysis, we will explore the bearish outlook for the EUR/USD currency pair in the coming week. We will examine various technical indicators, key support and resistance levels, as well as fundamental factors that could impact the pair. This analysis aims to provide traders on TradingView with a comprehensive understanding of the potential bearish momentum and trading opportunities in EUR/USD. Technical Analysis: 1. Moving Averages: - The 50 moving average (MA) has crossed below the 200 MA, indicating a bearish signal known as a "death cross." 2. Support and Resistance Levels: - The pair has struggled to break above a significant resistance level at 1.2200, suggesting a potential reversal. - The nearest support level break I feel, 3. Fibonacci Retracement: - Applying Fibonacci retracement levels to recent price swings reveals a bearish pattern. Thanks
Short
by rakibhasantusar
EURUSD - A review of this week's newsWe're beginning to see a Tale Of Two Economies emerge, as US data this week shows the path of disinflation continues, albeit slowly, giving investors hope that the Fed's interest rate increases are making an impact. Meanwhile across the pond, all quotes from the ECB are warning that the fight against inflation rages on and further rate hikes will be coming. However, one major factor hanging over the Dollar is the news that there is "significant risk", according to the CBO, that the US won't be able to pay all of it's obligations as soon as the beginning of June, leading to the possibility of a default unless Congress votes to raise or suspend the Debt Ceiling. From a technical perspective we see EURUSD failed a number of attempts to break through at the highs and has now begun to create lower highs and lows with it's violent moves down in recent days. Key trendlines and support levels have been broken and all signs point to the countertrend move having begun. While we appear overextended on lower timeframes, it may be prudent to wait patiently for a new lower high for a viable short entry. It seems likely that we're witnessing a breakout to the upside on the DXY combined with profit taking and shift in sentiment for the Euro due to continued inflationary pressure in contrast to US inflation. United States (US): US CPI YoY 4.9% (Forecast 5%) : Consumer prices rose 4.9% on an annual basis, below forecast. US Core PPI YoY Actual 3.2% (Forecast 3.3%, Previous 3.4%): The US core Producer Price Index (PPI) rose by 3.2% year-on-year, slightly below the forecasted 3.3%. US PPI MoM Actual 0.2% (Forecast 0.3%, Previous -0.5%): The US Producer Price Index (PPI) increased by 0.2% on a monthly basis, slightly below the forecasted 0.3%. US Initial Jobless Claims Actual 264k (Forecast 245k, Previous 242k): The number of Americans filing for initial unemployment benefits rose to 264,000, exceeding the forecasted 245,000. This increase suggests ongoing challenges in the US job market. The “single biggest threat” to the economy now is the US hurtling towards a default on its obligations, said Karine Jean-Pierre, press secretary. European Central Bank (ECB): ECB: Consumers see 5% inflation over the next 12 months vs 4.6% in February : The European Central Bank (ECB) reports that consumers in the Eurozone expect inflation to reach 5% over the next 12 months. This represents an increase from the previous estimate of 4.6% in February, reflecting growing concerns about rising prices. ECB's Nagel says the "latest interest rate hike won't be the last". ECB's Lagarde spoke on Thursday, saying "the fight against inflation isn't over".
Short
by HayeTrading
2
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