Euro/US Dollar Short

Euro Fx/U.S. DollarFXCM

Description

⋅ May 11, 2023 3:52 PM

Technical Analysis:
The demand range of 1.09500 has been broken and turned into a supply range. During the day, the price may drop to lower targets.
1.08500
1.08000
1.07000

Trade closed: target reached

⋅ May 17, 2023 3:36 PM

1.08500
1.08000

Comment

⋅ May 17, 2023 4:21 PM

There are two possible scenarios. First, the price continues to the target of 1.07926
Second scenario: price stops and returns to the supply area of 1.09000

Trend Analysis

Comments

JoeChampion

⋅ May 18, 2023 2:35 PM

I agree on USD strength!

majidhossine

⋅ May 17, 2023 3:57 PM

There are two possible scenarios. First, the price continues to the target of 1.07926
Second scenario: price stops and returns to the supply area of 1.09000

Jack_Brown

⋅ May 17, 2023 7:09 PM

@majidhossine, Thanks

Jack_Brown

⋅ May 17, 2023 3:49 PM

This looks to be American session to Asian session trade , takes sometime to hit target

Jack_Brown

⋅ May 17, 2023 3:48 PM

I think one more short from 1.0835 will be good for another 40 pips