Euro / U.S. DollarShort
Sell opportunity
The EURUSD pair presents an enticing sell opportunity at the current price of 1.11644, with favorable potential for profit.
Targets:
Primary Target: 1.10980
Secondary Target: 1.09500
Breakout Scenario: 1.10100
In the event of a breach above the resistance level of 1.12000, indicative of a bullish breakout, the target price is anticipated to ascend towards 1.13500.
Technical analysis indicates a notable selling sentiment prevailing in the market at the present price level.
Fundamental factors align with the proposed sell strategy, suggesting downward pressure on the EURUSD pair.
Targets:
Primary Target: 1.10980
Secondary Target: 1.09500
Breakout Scenario: 1.10100
In the event of a breach above the resistance level of 1.12000, indicative of a bullish breakout, the target price is anticipated to ascend towards 1.13500.
Technical analysis indicates a notable selling sentiment prevailing in the market at the present price level.
Fundamental factors align with the proposed sell strategy, suggesting downward pressure on the EURUSD pair.
GODO Capital Markets
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
GODO Capital Markets
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.