EURUSD Back Under Pressure Short

EUR/USDOANDA

Description

⋅ Dec 8, 2023 2:56 PM

Hi Traders!

EURUSD is now under pressure following the NFP report. Momentum is now back with the US dollar, and further downside momentum looks very likely.

Here are the details:

The market is trending down following the break and close below the 20 EMA. There is a possibility of the market going back below the 1.07 handle.

Preferred Direction: Sell

Entry Level: 1.07458

Stop Level: 1.07961

Target Level: 1.06453

Technical Indicators: 20 EMA

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Trade safely and responsibly.

Comments

KABHI_FOREX_TRADING

⋅ Dec 9, 2023 6:29 PM

Good work. Keep rocking

BluetonaFX

⋅ Dec 10, 2023 10:39 AM

@KABHI_FOREX_TRADING Thank you 🙏

TheFxAce

⋅ Dec 9, 2023 12:40 PM

The evidence you present for a bearish market trend is convincing and well-structured.

BluetonaFX

⋅ Dec 10, 2023 10:38 AM

@TheFxAce Thank you 👍

pullbacksignal

⋅ Dec 15, 2023 1:24 PM

This is my idea, check it out

BluetonaFX

⋅ Dec 17, 2023 11:03 AM

@pullbacksignal Great work, nicely done

pullbacksignal

⋅ Dec 15, 2023 1:23 PM

nicely presented

RLinda

⋅ Dec 8, 2023 4:06 PM

Also analyzed this pair today.
I said it would fall on the back of NFP :)
That's what is happening.
So since we have a common view, most likely the market will encourage us soon :)

BluetonaFX

⋅ Dec 9, 2023 7:38 AM

@RLinda Yes it looks like that. Let's see what happens! 🙏