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Eurusdshort

eurusd scalpingthere are two good support and demand zones for eur and I'm waiting for price movement. I believe that there is a good chance for price to firstly see the demand zone and then go for the support one. so I'm waiting for a short and then a long position. ⚠️ Notice: I will enter one third of my position on 70/30% of the box and the rest of it in the middle (50%) of the box. My TP would be R/R=3 and 5. Please trade with your own money management methodology and be aware that trading has its own risks and rewards.
by mirzaeiamirsoheil
EUR/USD Prediction on 04.07.2023The euro, the second most traded currency in the world, is currently experiencing a significant downturn. The eurozone, a strong economic bloc boasting some of the world's most robust economies, is now facing turbulence, putting the strength of the euro under unprecedented strain. For several reasons, analysts and investors are growing increasingly skeptical about the euro's short-term prospects, prompting the suggestion that it might be the right time to sell the currency. The economic slowdown in several major European economies, growing political uncertainty, and the eurozone's struggle to respond to these challenges effectively are the key reasons behind the euro's current weakness. The euro's depreciation is not an isolated phenomenon but a reflection of the broader economic landscape in the eurozone. In terms of growth, many significant economies in the eurozone have struggled to regain momentum after the economic disruptions of the COVID-19 pandemic. Italy, Spain, and even powerhouses like Germany and France have seen their growth stagnate, putting pressure on the single currency. High unemployment rates, a slowdown in consumer spending, and fragile investor confidence further amplify these challenges. The political landscape across the eurozone is another factor influencing the euro's strength. Political instability, the rise of populist parties, and internal divisions on key issues such as immigration, fiscal policy, and the future of the European Union itself are causing uncertainty. Markets abhor uncertainty, and this political turmoil has been reflected in the euro's performance. In addition, there are concerns about the European Central Bank's (ECB) ability to navigate these challenges. The ECB's policy response, including low or negative interest rates and extensive bond-buying programs, was initially successful in providing stability. However, these policies are now facing diminishing returns and raising questions about the bank's ability to effectively manage inflation and stimulate economic growth. This further underlines the weakness of the euro and reinforces the case for selling the currency. From an investor perspective, the declining euro presents both risks and opportunities. The current weak state of the euro suggests that now may be an opportune time to sell. For those holding significant amounts of the euro, selling now may be the best way to minimize potential losses should the euro continue to depreciate. On the other hand, it is crucial to note that currency markets can be extremely volatile and are influenced by a wide range of factors, both predictable and unpredictable. Therefore, any decision to sell should be based on careful analysis of market trends and individual risk tolerance. The weakness of the euro is an ongoing story in the world of finance. The currency's future will largely depend on how the eurozone's economic and political problems are resolved. For now, though, the case for selling the euro appears to be a strong one.
Short
by mazayafx
Current EURUSD's resistance continues to hold back the bulls.EURUSD - 24h expiry Prices stalled near resistance and reversed lower. Trend line resistance is located at 1.0920. Further downside is expected. Risk/Reward would be poor to call a sell from current levels. Momentum is flat, highlighting the lack of clear direction. We look to Sell at 1.0919 (stop at 1.0949) Our profit targets will be 1.0844 and 1.0834 Resistance: 1.0920 / 1.0940 / 1.0950 Support: 1.0900 / 1.0850 / 1.0840 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
1
SHORT - EURUSD (D) (28 May 2023)Position Trade - EURUSD EURUSD is reaching FRESH area of Monthly Supply. Could be MEGA opportunities selling all the way down once it happens. In the Monthly Chart, - Price reaching Monthly fresh area of Supply which is a Continuation Demand; nevertheless, it is a strong zone since it pressed the price down from Feb 2022. In the Weekly Chart, - The WK Supply zone is not fresh, hence I am looking for SELLS once price breaks another zone to sell from there, instead of expecting price to retrace back to the higher supply zone, which has been tested. In the Daily Chart, - If price breaks the Weekly Demand zone, look for a valid zone in the Daily chart for SELLs Alerts were set in the Weekly Chart on 28 May 2023.
Short
by angieh
EURUSD Prediction on 30.06.2023The recent reports have indicated a growing concern for Germany's economy as the unemployment rate begins to climb. Despite Germany's long-standing reputation for having a strong and robust economy, known for its manufacturing prowess and the powerhouse of the European Union, recent figures suggest a shift in this trend. According to the latest statistical data, the German unemployment rate is steadily increasing. Economists and analysts are attributing this to various factors, including economic uncertainties, technological changes, demographic shifts, and, to some extent, global economic trends. Over the past few years, Germany, like many other developed countries, has been dealing with the impact of digitization and automation. This shift towards a more tech-driven economy has led to job displacement in traditional sectors. The workers who lack the necessary skills to adapt to the new digital economy are finding it more challenging to secure employment, which could be contributing to the rising unemployment rate. Demographic trends also play a critical role in the current situation. Germany has one of the highest median ages globally, and the country's aging population may be reducing the size of the workforce. This is further compounded by the fact that the younger generation is finding it increasingly difficult to find jobs that match their skills and qualifications. International economic trends and trade uncertainties are also influencing Germany's unemployment rates. The country's economy is highly dependent on exports, particularly in the automotive and machinery sectors. Any disruptions in global trade can have a significant impact on these industries and consequently on employment. The government is being urged to take measures to address the rising unemployment rate. This could involve efforts to boost the economy, facilitate the reskilling of workers affected by automation, and programs to support those struggling to enter the workforce. While it is important to note that Germany's unemployment rate is still lower than many other European countries, the current upward trend cannot be overlooked. The situation calls for attention and concerted efforts from policymakers, economists, and industry leaders to mitigate the effects of these changing trends and help stabilize the job market.
Short
by mazayafx
💡 EUR/USD Short idea 🔻 update Hi traders, just an update on the previous post on this pair. The short position is playing out as expected. I thought I would update you on the larger timeframe picture. We have a large H&S pattern happening on the weekly timeframe as well, currently we are forming the right shoulder. If we look out even further on the 3 month timeframe we also have a bearish impulsive wave which has retraced back and precisely hit the 50% Fibonacci. Taking all this into account this larger timeframe opportunity will not come easy. Perhaps if your stoploss were placed well above the head on the current trade it could play out in profit with a timeframe of 6 months.
Short
by GuardianFX
5
EURUSD Downward Channel continues target 0.8541Downward channel range continues on the Monthly Chart. There are more signs for downside to come. We can expect the price to blip up touch the resistance and then crash back down. Price<200 RSI = 50 Target 0.8541 SMC Sell Side LIquidity is where Smart Money bought up the price to the upper range. We then have to wait for Break Of Structure to the downside. Then we'll have a better entry point for downside. EUR/USD Is one of the more difficult pairs to trade. There is a constant fight between the buyers and sellers and hence I have looked on a broader aspect time frame to try and cut out the noise and volatility. Bearish Bias.
Short
by Timonrosso
EURUSD to breakdown?EURUSD - 24h expiry Price action looks to be forming a top. Price action has stalled at good resistance levels and currently trades just below here (1.0980). Short term RSI is moving lower. A move through 1.0920 will confirm the bearish momentum. The measured move target is 1.0820. We look to Sell a break of 1.0919 (stop at 1.0949) Our profit targets will be 1.0844 and 1.0824 Resistance: 1.0960 / 1.0980 / 1.1000 Support: 1.0920 / 1.0900 / 1.0820 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA