Euro / U.S. Dollar
Short
Updated

EURUSD SHORT/ SELL

201
๐Ÿ”ฐ Pair Name : EUR/USD
๐Ÿ”ฐ Time Frame : 1H/4H
๐Ÿ”ฐ Scale Type : MID Scale
๐Ÿ”ฐ Direction : SHORT/SELL

๐Ÿ“Š๐Ÿ“‰ EURUSD Technical Analysis ๐Ÿ“‰๐Ÿ“Š

Greetings fellow traders! ๐ŸŒ๐Ÿ“ˆ Taking a purely technical perspective on EURUSD, we observed a significant plummet yesterday, attributed in part to the FOMC minutes. This abrupt decline left a residual liquidity trail, indicating a market imbalance that calls for re-equilibration. ๐Ÿ”„โš–๏ธ Before entertaining the possibility of further downward movements, we anticipate a potential price correction towards, or even to, the lower bounds of the daily demand zone. ๐Ÿ“‰โš™๏ธ

๐Ÿ“ฐ On the fundamental front, we've attached a relevant article discussing the FOMC meeting briefing. Over the next six weeks, brace yourselves for a potent USD rally, potentially spurred by apprehensions surrounding the Fed's contemplation of interest rate hikes. ๐Ÿฆ๐Ÿ’ผ

Remember, trading prudently is paramount. Always prioritize risk management and informed decision-making. ๐Ÿ›ก๏ธ๐Ÿ’ก Trade wisely and stay vigilant. ๐Ÿš€๐Ÿ’ฐ

#EURUSDAnalysis #TechnicalPerspective #FundamentalOutlook #StayInformed #TradeSafely ๐Ÿ“Š๐Ÿ“‰๐Ÿ“ฐ๐Ÿ’ผ๐Ÿ“ˆ๐Ÿ›ก๏ธ
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