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JoeChampion
Apr 28, 2023 8:29 AM

EURUSD Breakout and potential retrace Short

Euro Fx/U.S. DollarFXCM

Description

Hey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.10 zone, EURUSD was trading in an uptrend and successfully managed to break it out. If we get a decent correction i would be watching potential retrace of the trend from 1.10. Fundamentally USD strength have triggered after a bunch of hawkish comments from fed Waller and Williams about the monetary policy which put a possibility of another rate hike early May.
Trade safe, Joe.
Comments
LegionQ8
looks good to me good luck with the trade
JoeChampion
@LegionQ8, Thank you!
KronFX
i think the same, also the price will hit very a reversal area!
JoeChampion
@KronFX, I appreciate your feedback!
BKTradingAcademy
Excellent mate!
JoeChampion
@BKTradingAcademy, Thanks buddy!
FirstNameHelen
Well, if you say so about euro, its probably true, agreed
JoeChampion
basictradingtv
excellent analysis Joe!
JoeChampion
@basictradingtv, Thank you!
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