EURUSD - Bearish signal Short

Euro Fx/U.S. DollarFXCM

Description

⋅ Jul 11, 2022 2:33 PM

After breaking a strong supply zone last week. EURUSD is now in downtrend. This week we might see small Retesting and continue its downtrend. With risk off situation with USD , this setup has Maximum chances in next few days and it can touch Price level 0.95

Trade closed: target reached

⋅ Sep 25, 2022 1:05 PM

Chart Patterns Fundamental Analysis

Comments

ProjectSyndicate

⋅ Jul 12, 2022 11:57 AM

yeah would be great to get the bounce to short into, oversold near parity though

zAngus

⋅ Jul 12, 2022 5:10 AM

Greetings, well done on sharing your first idea with the community. We hope you enjoyed using the different charting tools and the challenge. Have an awesome day!

From mod @zAngus

Meron_Trades

⋅ Jul 12, 2022 9:51 AM

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zAngus

⋅ Jul 12, 2022 10:08 AM

@Meron_Trades, TradingView rocks! In case it helps, check out our FAQ area or some of the how to videos I made for more Trading View Tips and Tricks .

mcgene4xpro

⋅ Jul 11, 2022 8:36 PM

0.95 will be great :))

JoeChampion

⋅ Jul 11, 2022 2:57 PM

Excellent overview, do you think EURUSD will go below 1.00?

Meron_Trades

⋅ Jul 11, 2022 3:04 PM

@JoeChampion, I do think there will be some resistance from long term buyers (for which I will have my TP 1) but in the end the probability lies to continue downward. This is supported by fundamental analysis as well. With EUR stumbling because of the looming gas crisis with winter season fast approaching and USD in a risk off mode esp tech companies' stocks seeing surge in prices.