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Eurusdsell

EURUSD: Overwhelmed by the USDThe ECB meets later in the session, with policymakers having to decide whether to raise its key interest rate to a record level, or pause its lengthy rate-hiking cycle as the eurozone’s economy deteriorates. The central bank has raised rates at each of its past nine meetings and another increase of 25 basis points would lift the key deposit rate to 4%, the highest level since the euro was launched in 1999. ECB President Christine Lagarde hinted at a pause this month at her press conference following the last meeting in late July, but Reuters reported on Tuesday that the central bank was set to raise its forecast for inflation next year to more than 3%, seemingly increasing the chances of a hike. “We expect a very heated debate with a close outcome. While there are good arguments to justify both a pause and another rate hike, we are sticking to our view that the ECB will hike rates one final time,” said analysts at ING, in a note.
Short
by SoulChampion
1
EUR/USD: Entering Into A Bear MarketEUR/USD reversed its direction and fell below 1.0800, reaching 1.0775, the lowest level in a week and closed under 200-SMA. Following an initial negative reaction to NFP data, the US Dollar experienced a significant rally and is maintaining its strength towards the end of the week. WE ARE ENTERING INTO A BEAR MARKET. STRONG SHORT ENTRY SIGNAL The price closed under 200-Day Simple Moving Average The price is below Trend Magic Indicator and shows future bearish trend signal IG Client Sentiment shows strong bearish signal, because 72% of retail traders have open net long positions We have to Stop-loss or Take-profit when the price close above the Trend Magic Indicator!
Short
by ForexWithTsanev
EURUSD SHORT!! EYES ON DATA!What we see on the EU is quite clear, So we expect price to have bearish move in higher time-frame, in lower time frame we can collect some orders just above then we start out bearish move, I do not believe we break 1.08464, This week is challenging week for EU as we have different data coming in euro-zone, SO you have to be careful of the data and you have to study them properly then imply them on the chart, For now we are above important demand zone we expect to collect more liquidity from above to have a strong bearish move, Personally waiting for London Session to open then decide and see how it goes, Any question comment me bellow! @FxShzd team
Short
by FxShzd
EUR/USD choose the break - I say down to 1.000I'm really not good at analysis when markets are in a range and predicting the breaks unless the breakout patterns are strong and impending. IN this case, it could be a Rising Wedge, which requires a breakout to the downside. Or it could be a rising Wedge, where the breakout can turn up and go above the apex. I'll route for a breakdown, purely based on the 21>7MA - down momentum and RSI<50. Then potential target will be back to 1.0000. Which way do you think it's going?
Short
by Timonrosso
1
EURUSD SELL Well, so much for a possible continuation to the upside. The Dollar has found its footing, and it has no reason to stop until it reaches back to its Previous Month Low. So, I'll be looking for sell setups, starting with the one I see here on the 1m chart. If it's a go, I'll be targeting the bullish Order Blocks on the 15 minute chart, particularly the second one. Most likely nothing will happen for me right now as it is lunch time. I'll check back in at 1:30 PM EST.
Short
by QSVentures
Seizing Short-Term Selling Opportunity After Key Level Breakout?"We have broken out of the 1.11 level, with the price showing signs of being excessively overbought on the lower timeframes. As we approach the weekly swing high from 2022 at 1.118, we can anticipate a short-term retracement below 1.11. Therefore, I am currently seeking a short-term selling opportunity, watching for signals on my TRFX indicator above 1.115. My target for this trade is 1.106, which was previously a resistance level and is now expected to act as support. In the long term, there is a possibility of the price moving higher. However, considering the overbought conditions and the price nearing a weekly swing high, we can anticipate some short-term resistance. Once the signal is confirmed, I will place the stop loss above the 2022 swing high. As the trade progresses, I will adjust the stop loss to the entry price." Please note that trading decisions should be made based on thorough analysis and understanding of the market.
Short
by TheFxAce
13