EUR/USD Short Idea
The EUR/USD pair is approaching the 1.09700--1.09940--1.10204 resistance level, which aligns with a significant supply zone and a potential area for bearish reversal.
Key Analysis:
Resistance Zone:
The 1.09700--1.09940--1.10204 levels marks a critical resistance where selling pressure has previously emerged.
Technical Indicators:
RSI is approaching overbought conditions, indicating limited upside potential.
Bearish divergence may form if momentum weakens near this level.
Fundamental Context:
A stronger USD due to hawkish Fed sentiment or economic data could pressure EUR/USD downward.
Eurozone economic uncertainties may add to bearish bias.
Entry: Short positions around 1.09700--1.09940--1.10204
This setup offers a favorable risk-reward opportunity in a high-probability reversal zone.
The EUR/USD pair is approaching the 1.09700--1.09940--1.10204 resistance level, which aligns with a significant supply zone and a potential area for bearish reversal.
Key Analysis:
Resistance Zone:
The 1.09700--1.09940--1.10204 levels marks a critical resistance where selling pressure has previously emerged.
Technical Indicators:
RSI is approaching overbought conditions, indicating limited upside potential.
Bearish divergence may form if momentum weakens near this level.
Fundamental Context:
A stronger USD due to hawkish Fed sentiment or economic data could pressure EUR/USD downward.
Eurozone economic uncertainties may add to bearish bias.
Entry: Short positions around 1.09700--1.09940--1.10204
This setup offers a favorable risk-reward opportunity in a high-probability reversal zone.
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The Ultimate Master of Trading, fulltime trader, sharing my own trades with documented 90% win rates
The Ultimate Master of Trading, fulltime trader, sharing my own trades with documented 90% win rates
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.
join our discord, discord.gg/trademaster
The Ultimate Master of Trading, fulltime trader, sharing my own trades with documented 90% win rates
The Ultimate Master of Trading, fulltime trader, sharing my own trades with documented 90% win rates
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.