EURUSD | Perspective for the new week | Follow-up details
Updated
All eyes will be on the Non-farm payroll on Friday as investors want to know whether the Federal Reserve can create a “soft landing” while raising interest rates to combat inflation that has been running at four-decade highs. However, from a technical standpoint, the current market structure still screams "bearish". In this video, I shared my technical opinion on my expectation this week as I look forward to a potential decline for the Euro.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Trade active
I have missed this move. The week has begun on a bearish note as a breakout of the wedge finally happens; I want to be patient to see if there is going to be a retest of structure or a formation of a trend continuation pattern to join the decline.Good morning
Trade active
We are right within a supply zone on the 1H time frame. Looking forward to seeing a reversal pattern within this zone to join the potential decline. Let's see what happens in the next couple of hours.Good morning
Trade active
Price is still within the sell window and it is appropriate to state here that the current structure suggests a selling opportunity below the $1.0000 area.Good morning
Trade active
A final breakdown of the $1.0000 level coupled with the breakdown of the trendline appears to confirm a bearish momentum. Good morning
Trade closed: stop reached
I still anticipate selling opportunity
Trade active
Running in profit; locking in some profitTrade active
The price still running as expected. However, are we going to be seeing this current retracement phase culminate within the $0.99800/1.0000 area to take another selling opportunity (adding to my existing position)?Trade active
I sight a wedge on my 15minutes timeframeTrade active
adding position to my existing tradeGood morning
Trade smart. Trade consciously
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