TradingView
Get-rich-signal
Apr 18, 2024 12:28 PM

EURUSD: Rebound to this area Sell, 3 targets in total Short

Euro Fx/U.S. DollarFXCM

Description

Recently, the situation in the Middle East has been relatively stable. Although Iran and Israel have their own quarrels, no obvious conflict has been seen, which means that the two sides have reached a certain consensus and have entered the stage of quarreling. As long as either party does not cross the threshold, the overall situation can be resolved. Therefore, the situation in the Middle East has gradually become less stimulating to the market, and after two trading days of brewing, the market finally started a correction.

As for today's operation strategy, I think we should focus on observing the decline of the U.S. dollar index. As long as the situation in the Middle East does not reignite the war (or there are no surprises elsewhere), it is entirely possible that the U.S. dollar index will continue to enter a correction. Therefore, today we will focus on observing the decline of the U.S. dollar index.

Trading straregy:

EUR/USD:

To sum up, pay attention to the decline of the US dollar index today; corresponding to European and American currencies, sell short today on highs. The following suggestions are given based on the market, and you can refer to the operation as appropriate.

Trade active

Trade active

Trade active

Trade active

Trade active

Trade active

Trade active

Comments
JoeChampion
I see some good potentials for the downsides for the dollar strength due to it safe havens properties and also the ongoing downtrend on EURUSD!
More