EURUSD SHORT
A short position on EUR/USD was opened due to bearish sentiment driven by weak economic data and concerns about deflation in the Eurozone. Technical indicators, such as a breakdown below key support levels and negative momentum, reinforced the decision. Additionally, diverging monetary policies, with the Federal Reserve tightening and the European Central Bank maintaining a dovish stance, suggested potential for EUR depreciation against the USD.
Note
Second attempt, first one: -5pips.Note
Entry: 1.0912Stop Loss: 1.0922
Take profit 1: 1.09018 (FX rate)
Take profit 2: 1.08804 (FX rate)
Trade active
Trade closed: target reached
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