Can the Greenback continue its Reign against the EURO?

Hello traders,

The current market volatility, fueled by recent events, presents an exciting trading environment. I'm sharing my analysis of the EUR/USD pair, where I anticipate continued weakness in the Euro and strength in the Dollar.


Short-Term Outlook

Given the strong bearish potential on higher timeframes, I'm maintaining a short position on this timeframe. The breach of the significant level at 1.0500 reinforces this outlook, as long as prices remain below this level.


Entry and Invalidation Points

With the recent pullback to 1.03800, I've identified multiple confluences on lower timeframes, making it an attractive entry point. My invalidation price is set at 1.041, above which I'll reassess and await another entry opportunity.


Target

My target is set at the next significant level, 1.0, which I believe offers a compelling price target.


Risk Management

As always, please remember that nothing is guaranteed in trading. The only aspect we can control is our risk. Trade safely until next time.


Best regards,
Tradebudz