The recent US elections have indeed triggered a significant decline in EUR/USD. The pair has broken through key support levels, indicating a strong bearish trend.
As observed in the chart, the weekly support level has been breached, further empowering sellers to capitalize on the downward momentum. The market's current trajectory suggests that parity (1.0000) is a realistic target for bearish traders.
However, it's important to remember that market conditions can change rapidly. While a bearish outlook prevails, it's crucial to monitor fundamental and technical factors closely.
Risk Management:
Entry: An entry in the zone of 1.057 - 1.060 is reasonable
Stop-Loss Orders: Implement a well-defined stop-loss order to mitigate potential losses. i will suggest 1.08. about 200 pips from entry point
Risk-Reward Ratio: Aim for favorable risk-reward ratios to optimize trading outcomes. parity is the goal. 600 pips from entry point
As observed in the chart, the weekly support level has been breached, further empowering sellers to capitalize on the downward momentum. The market's current trajectory suggests that parity (1.0000) is a realistic target for bearish traders.
However, it's important to remember that market conditions can change rapidly. While a bearish outlook prevails, it's crucial to monitor fundamental and technical factors closely.
Risk Management:
Entry: An entry in the zone of 1.057 - 1.060 is reasonable
Stop-Loss Orders: Implement a well-defined stop-loss order to mitigate potential losses. i will suggest 1.08. about 200 pips from entry point
Risk-Reward Ratio: Aim for favorable risk-reward ratios to optimize trading outcomes. parity is the goal. 600 pips from entry point
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。