Short the Euro !
In refer to last week analysis on EURUSD (23 Sept post); the Euro Dollar trend has been in the bearish bias. Yet, those who are looking on a more conservative entry would be advised to wait for a retest on a EMA 20.
As of now the Euro is at a good price for entry where;
- Price retested on the EMA 20 AND not able to close above it
- A confluence of Fibo level at 50% - a very strong level of resistance
Simple entry to short the pair !
Recommended TP level :
TP #1 @ 1.1624
TP #2 @ 1.1476
Do follow my Trading View for daily analysis and updates on the market !
Any trading ideas from fellow traders are most welcome ! =)
As of now the Euro is at a good price for entry where;
- Price retested on the EMA 20 AND not able to close above it
- A confluence of Fibo level at 50% - a very strong level of resistance
Simple entry to short the pair !
Recommended TP level :
TP #1 @ 1.1624
TP #2 @ 1.1476
Do follow my Trading View for daily analysis and updates on the market !
Any trading ideas from fellow traders are most welcome ! =)
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.