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Shorteuro

UPDATE: EUR/ZAR - The "M" that might mean more downside!This pair just formed a clean M-formation, hinting at a bearish continuation. Price is now sitting below the 20MA but still above the 200MA, giving us a medium-probability short setup toward R19.42. Unless the euro gains serious momentum or the rand weakens unexpectedly, this chart screams further downside. For now — bears have the edge 🐻 💡 Fundamentals Supporting the Downside 💵 Stronger Rand Outlook: Improved local data and stabilizing energy supply are helping ZAR hold its ground. 🇪🇺 Slowing Eurozone Growth: Weak PMI and industrial data weigh heavily on the euro. 🏦 Rate Differential: South Africa’s higher interest rates keep foreign carry traders interested in the rand. 📉 Commodity Strength: A firmer gold and commodity base supports South Africa’s currency fundamentals. Also, there are rumours that they may have found more potential gold in SA. WHich might lead to more mining and money! 🧊 Geopolitical Calm: Less volatility in global risk sentiment gives emerging-market currencies breathing room. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by Timonrosso
Overall Bearish Outlook EURUSD SHORT 1.) Price is in the monthly/weekly supply zone. Price has had trouble breaking this zone and I think price was just consolidating and gathering momentum to make a bearish push. 2.) Price formed a double top, after an uptrend. A double top formation at the end of an uptrend can signal a potential reversal. 3.) After forming a double top, price then broke the neckline. Once price breaks the neckline of a double top/double bottom formation, it is common to expect price to retrace to the neckline and meet resistance before making another impulse. 4.) I think price will create another impulse to the downside and am looking to take profit near the 50.0 fib level.
Short
by NoCeilingsTrading
Euro Dollar to spike before a Sell-Offthe pair is completing a complex corrective cycle labeled as W,X,Y, which in my opinion can be already done and we will start looking to short the pair from current levels. however because of the US Elections today im assuming there might be a more Complex scenario that can push the euro higher to an extended wave (X) before falling down. thats why i will be putting sell limit orders on the eurusd near 1.1899-1.1905 with a tight stop loss near previous high trying to avoid the noise or the volatility during Election Results. Good Luck Traders!!!!!!
Short
by josephdahrieh
EURUSD Rejected from critical areaThe EURUSD gor rejected from 100% fibonacci level near 1.1880. at the moment the pair retraced to trade near 61.8% critical level if broken and we witnessed a 4hrs candle close below 1.1820 we might see further momentum for the downside. potential finishing a W,X,Y wave might take euro dollar to new lows belo 1.1600 level. lets not forget the bearish monthly candle from last month " engulfing pattern". no doubt that the ranging market was taking over the markets recently however an impulsive wave is expected soon.
Short
by josephdahrieh
1
Fundamentals and Analysis: Sterling Pound with chances of buy!!! Remember that in yesterday I make a technical analysis of this par, we see that this par wan't to change the trend, also remember that in macrotrend as weekly or montly we are in the higher zone of possibles sellers and supply zone. This is a weekly panoramic and we see that Euro is weakness!!! We are in this distributtion zone from the year 2016 Now, for your convenience, if you are left Daily timeframe, I make for you this technical analysis in H4 timeframe, the key in H4 it's seem bearish as we see in Daily timeframe. We are in this simetric triangle and into this grant simetric triangle, look up that is a distributtion zone and that mean a chartist pattern a continuation of the bear scenario. Also, i show my favorite indicator RSI, we see that RSI in H4 is below of 50, that is an extra confirmation of sell. And also, we see that we could see a drop of 150 pips, that is your perfect target profit as to me. Fundamentals: 1. Pound Sterling to Euro exchange rate up but gains may be limited 2. Following last week's modest tumble, the Pound is also edged higher today. Sterling is gaining on a riskier market mood, but the currency's gains may be limited. 3. Sterling attempts to benefit from market sentiment 4. Pound exchange rate appeal limited as "second wave" coronavirus fears rise 5. The pound briefly saw a jump in demand last week. Investors reated to news that the bank of England 2020 economic forecasts were not as dire as they had been in May. 6. The pound's benefit from this news was limited. Sterling was sliding again towards the end of the week, as concerns about the possibility of negative rates in the UK weighed on the currency's outlook alongside Brexit jitters. 7. Euro exchange rates pressured as rivals attemp recovery. 8. Investors have found the Euro broadly appealing in recent months 9. Investors are hesitant to keep buying Euro even higher following its long period of gains. 9. Investors are opting to buy Euro agains the rivals on the cheapest level if the Euro is go to sell for limited time. 10. Pound to Euro exchange rates awaiting UK Job Market Data
Short
by harisonhbn9718
1
WHAT THE EURUSD CAN TELL US ABOUT THE US STOCK MARKETAs you can see, it looks as we are preparing for a correction in EURUSD (So as of now, I am short. However I fully expect a possibility of a range). What does being short tell us? It means in the near future (weeks-months because this is a daily chart) the USD could gain some value to its Euro counterpart. How would the USD gain its value? A great way would be if interest rates are hiked by the FED, giving the USD more attraction to foreign currency investors. This rate spike would counter inflation but we all know what a rate hike would do to the economy- slowwwww down. This would in turn go along with what we have been discussing in the markets lately as the SPX and DJX have been facing. It is a huge stretch and this should really be interpreted as a EURUSD trade- but- it could mean a stronger dollar in the future CAUSED by higher interest rates- slowing the economy and stock market growth.
Short
by samblum_
EURUSD SHORT SETUPHere we have yet ANOTHER setup for EURUSD shorts, this setup needs to be followed EXACTLY in order to not enter a losing position on this trade. We need this current strong candle and current low to find a bottom then retrace up to my sell zone (two red horizontals). From the sell zone, look for sniping opportunities on lower time frames to enter sells toward the take profits given (horizontal greens). WE MAY NOT REACH THE SELL ZONE. In this case, look for a false break of the black trend line. I will also take sells from there. IF WE KEEP FALLING, and get NO RETRACE, then we may have missed our trade. I will only sell based on a solid bullish pullback given there is an opportunity on a 1hour, 30min, or 15min chart. HAPPY TRADING!
Short
by samblum_