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Eurusdsellsetup

EURUSD The Potential price movement while we get close to X DATEThe market is currently going through a period of uncertainty. The market is very optimist about the Debt Ceiling agreement. This is definitely going to be a Catalyst this week and half of the following week. If the agreement is seal we could see a strong dollar. This trading idea is based on what is the price doing in Daily time frame. Also taking into consideration the Catalyst. In Daily time frame we have a price trending down. The price already stablished the last Lower High with a three-formation candle. The Price already gave us a nice move to the downside. The next point of entry could be at the price inefficiency of the third candle of the three-formation candle. Which is the zone that is presented in this trading idea. The 1st take profit is based on important level of liquidity. The 2nd take profit is based on -.272 fib level and the 3rd take profit is based on important level of liquidity that is in confluence with the -.618 fib level. It is important to know that the market will be very sensitive with any important update about the debt ceiling.
Short
by Wiiso
2
EURUSD setting up to test/break support?Overall momentum remains against risk traders. Today, we see moves lower from the AUD and GBP to the USD. Could the EUR be next to join to descent lower? So far, the EURUSD has been doing an excellent job of resisting, but the tide looks firm atm with US inflation remaining at 40-year highs. Australia and the UK have their own inflation issues, which is what makes the EUR so interesting at the moment. I can’t help but notice the series of LHs that continue to stack up on the EURUSD daily chart. If USD demand can continue, we are looking for a new test of support that we discussed in our last E/$ report. If we see a break, we will be looking for the current trend to continue. Good trading
Short
by Eightcap