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Eurusdshort

Current EURUSD's resistance continues to hold back the bulls.EURUSD - 24h expiry Prices stalled near resistance and reversed lower. Trend line resistance is located at 1.0920. Further downside is expected. Risk/Reward would be poor to call a sell from current levels. Momentum is flat, highlighting the lack of clear direction. We look to Sell at 1.0919 (stop at 1.0949) Our profit targets will be 1.0844 and 1.0834 Resistance: 1.0920 / 1.0940 / 1.0950 Support: 1.0900 / 1.0850 / 1.0840 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
1
SHORT - EURUSD (D) (28 May 2023)Position Trade - EURUSD EURUSD is reaching FRESH area of Monthly Supply. Could be MEGA opportunities selling all the way down once it happens. In the Monthly Chart, - Price reaching Monthly fresh area of Supply which is a Continuation Demand; nevertheless, it is a strong zone since it pressed the price down from Feb 2022. In the Weekly Chart, - The WK Supply zone is not fresh, hence I am looking for SELLS once price breaks another zone to sell from there, instead of expecting price to retrace back to the higher supply zone, which has been tested. In the Daily Chart, - If price breaks the Weekly Demand zone, look for a valid zone in the Daily chart for SELLs Alerts were set in the Weekly Chart on 28 May 2023.
Short
by angieh
EURUSD Prediction on 30.06.2023The recent reports have indicated a growing concern for Germany's economy as the unemployment rate begins to climb. Despite Germany's long-standing reputation for having a strong and robust economy, known for its manufacturing prowess and the powerhouse of the European Union, recent figures suggest a shift in this trend. According to the latest statistical data, the German unemployment rate is steadily increasing. Economists and analysts are attributing this to various factors, including economic uncertainties, technological changes, demographic shifts, and, to some extent, global economic trends. Over the past few years, Germany, like many other developed countries, has been dealing with the impact of digitization and automation. This shift towards a more tech-driven economy has led to job displacement in traditional sectors. The workers who lack the necessary skills to adapt to the new digital economy are finding it more challenging to secure employment, which could be contributing to the rising unemployment rate. Demographic trends also play a critical role in the current situation. Germany has one of the highest median ages globally, and the country's aging population may be reducing the size of the workforce. This is further compounded by the fact that the younger generation is finding it increasingly difficult to find jobs that match their skills and qualifications. International economic trends and trade uncertainties are also influencing Germany's unemployment rates. The country's economy is highly dependent on exports, particularly in the automotive and machinery sectors. Any disruptions in global trade can have a significant impact on these industries and consequently on employment. The government is being urged to take measures to address the rising unemployment rate. This could involve efforts to boost the economy, facilitate the reskilling of workers affected by automation, and programs to support those struggling to enter the workforce. While it is important to note that Germany's unemployment rate is still lower than many other European countries, the current upward trend cannot be overlooked. The situation calls for attention and concerted efforts from policymakers, economists, and industry leaders to mitigate the effects of these changing trends and help stabilize the job market.
Short
by mazayafx
💡 EUR/USD Short idea 🔻 update Hi traders, just an update on the previous post on this pair. The short position is playing out as expected. I thought I would update you on the larger timeframe picture. We have a large H&S pattern happening on the weekly timeframe as well, currently we are forming the right shoulder. If we look out even further on the 3 month timeframe we also have a bearish impulsive wave which has retraced back and precisely hit the 50% Fibonacci. Taking all this into account this larger timeframe opportunity will not come easy. Perhaps if your stoploss were placed well above the head on the current trade it could play out in profit with a timeframe of 6 months.
Short
by GuardianFX
5
EURUSD Downward Channel continues target 0.8541Downward channel range continues on the Monthly Chart. There are more signs for downside to come. We can expect the price to blip up touch the resistance and then crash back down. Price<200 RSI = 50 Target 0.8541 SMC Sell Side LIquidity is where Smart Money bought up the price to the upper range. We then have to wait for Break Of Structure to the downside. Then we'll have a better entry point for downside. EUR/USD Is one of the more difficult pairs to trade. There is a constant fight between the buyers and sellers and hence I have looked on a broader aspect time frame to try and cut out the noise and volatility. Bearish Bias.
Short
by Timonrosso
EURUSD to breakdown?EURUSD - 24h expiry Price action looks to be forming a top. Price action has stalled at good resistance levels and currently trades just below here (1.0980). Short term RSI is moving lower. A move through 1.0920 will confirm the bearish momentum. The measured move target is 1.0820. We look to Sell a break of 1.0919 (stop at 1.0949) Our profit targets will be 1.0844 and 1.0824 Resistance: 1.0960 / 1.0980 / 1.1000 Support: 1.0920 / 1.0900 / 1.0820 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
EURUSD Sell Trade Setup H1At the moment, EUR/USD is trading at 1.0898, which is a resistance area. If it gets rejected from this level, it could potentially move down towards the support area at 1.0846. You can take advantage of this by selling and aiming for a good profit. Set your stop loss at 1.0925 to manage your risk in case the trade goes against you. Disclaimer : Please note that the information provided is for educational purposes only and should not be considered as financial advice. Trade at your own risk.
Short
by ShaniTradingHub
EURUSD SELLHello Traders, We have a constant downtrend on the EU for the past few weeks. This has informed our bias for a sell with a confirmation of change of character on the daily timeframe. Now going in depth we have spotted different supply zones where price is most likely to find liquidity and gain momentum to the downside. That being said its important you use go risk management on each entry I suggest 2% each. As this is a high probability trade, thanks. UndercoverTradingLLC
Short
by Undercover_Trading