Hey, traders! This is an intra-day short idea on EURUSD.
Technicals: (read chart)
- Double top on pivot area
- 62% retracement
- Break and retest of internal structure
- Intra-day re-target lows
Fundamentals: Key Themes
- USD: No progress last Tuesday on debt-ceiling negotiations
- USD: Market fears > Risk Aversion > USD appreciation
- EUR: Lack of catalysts this week
- EUR: ECB hawkish remarks already priced-in
I expect these themes to only be short-term though
Happy Trading!
Technicals: (read chart)
- Double top on pivot area
- 62% retracement
- Break and retest of internal structure
- Intra-day re-target lows
Fundamentals: Key Themes
- USD: No progress last Tuesday on debt-ceiling negotiations
- USD: Market fears > Risk Aversion > USD appreciation
- EUR: Lack of catalysts this week
- EUR: ECB hawkish remarks already priced-in
I expect these themes to only be short-term though
Happy Trading!
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See you there! 👽🥂