Akhmeem
Short

Look for short entries below 1.11475

FX:EURUSD   Euro / U.S. Dollar
47 0 3
The broader downtrend remains firmly intact, with the recent close back below the 100-DMA ending a period of corrective activity, setting the stage for the next major downside extension towards 1.0900. Intraday short positions can be entered below 1.11475. Only above 1.1428 negates the bearish outlook.

Looking at fundamentals, yesterday's round of softer Eurozone inflation data and stronger US ADP employment paved the way for a continuation of Euro             weakness, with the major pair trading down towards 1.1100 before finally finding support. It would seem the disappointing Chicago PMIs helped to slow the pace of declines, while positioning ahead of Friday’s anticipated monthly employment report out of the US also helped. But overall, the Euro             has been offered in the face of increased odds for a sooner Fed rate hike. Looking at today’s calendar, we get German and Eurozone manufacturing PMIs and US initial jobless claims and ISM manufacturing.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out