Euro / U.S. DollarShort
Short the Euro !
In refer to last week analysis on EURUSD (23 Sept post); the Euro Dollar trend has been in the bearish bias. Yet, those who are looking on a more conservative entry would be advised to wait for a retest on a EMA 20.
As of now the Euro is at a good price for entry where;
- Price retested on the EMA 20 AND not able to close above it
- A confluence of Fibo level at 50% - a very strong level of resistance
Simple entry to short the pair !
Recommended TP level :
TP #1 @ 1.1624
TP #2 @ 1.1476
Do follow my Trading View for daily analysis and updates on the market !
Any trading ideas from fellow traders are most welcome ! =)
As of now the Euro is at a good price for entry where;
- Price retested on the EMA 20 AND not able to close above it
- A confluence of Fibo level at 50% - a very strong level of resistance
Simple entry to short the pair !
Recommended TP level :
TP #1 @ 1.1624
TP #2 @ 1.1476
Do follow my Trading View for daily analysis and updates on the market !
Any trading ideas from fellow traders are most welcome ! =)
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.
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.