EUR/USD Short – Targeting 1.1033 as USD Strengthens
Updated
EUR/USD is showing bearish momentum as we approach the New York open. The USD is displaying strength, and we anticipate a continuation of the downtrend. This short setup targets the 1.1033 area, capitalizing on the current market sentiment.
Chart Analysis:
• Bearish Trend: The 15-minute chart indicates a clear downtrend with recent price action confirming lower highs and lower lows.
• Target: The initial target for this short setup is the 1.1033 area, where we expect to see some support.
• Risk Management: Ensure a stop-loss is placed above the most recent high to protect against potential reversals.
USD Strength: The USD is gaining momentum, supported by positive economic data and increasing expectations for tighter monetary policy. The overall market sentiment is favoring the dollar, putting pressure on EUR/USD.
• New York Session Dynamics: The NY session often brings increased volatility, particularly when it aligns with strong trends. Given the current setup, the market may push further down as liquidity enters during the NY open.
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
Chart Analysis:
• Bearish Trend: The 15-minute chart indicates a clear downtrend with recent price action confirming lower highs and lower lows.
• Target: The initial target for this short setup is the 1.1033 area, where we expect to see some support.
• Risk Management: Ensure a stop-loss is placed above the most recent high to protect against potential reversals.
USD Strength: The USD is gaining momentum, supported by positive economic data and increasing expectations for tighter monetary policy. The overall market sentiment is favoring the dollar, putting pressure on EUR/USD.
• New York Session Dynamics: The NY session often brings increased volatility, particularly when it aligns with strong trends. Given the current setup, the market may push further down as liquidity enters during the NY open.
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
Trade active
We acted accordingly by moving our stop-loss to breakeven and taking partial profits. Let’s not forget that it’s Monday, and the market often makes these kinds of moves. Let’s cash in on the gains! I’m leaving 20% of the position running to see if we can capture more. Great job so far!Trade closed: target reached
The EUR/USD trade has been fully closed. Congratulations to all the traders who took it! A great start to the week. Well done, everyone! 
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