A long 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.
Trade active
Still in long.Note
Target: 1.0950 (at least)Trade active
TP: 1.10Trade closed: target reached
Better to take profit now. Maybe there will be some other entries.Take profit: 1.0952
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.