EUR/USD -Approaching Resistances (update)

21. Juli 2023

- EUR/USD has been flirting past sessions with broken support trendline,
being faced now as resistance .
Seems more like a decisive time for EUR/USD to make up its mind and
find direction, either gravitated to the upside (1.20) or downside(1.01)
Both scenarios attached below


Market Structure still intact with the series of Higher Lows and Higher Highs.
(Gold Zone level coincides with the most recent HL of uptrend, must hold to avoid 1.01)






TRADE SAFE
***Note that this is not Financial Advice .
Please do your own research and consult your own Financial Advisor
before partaking on any trading acitivity based
solely on this Idea.

21. Juli 2023

Anmerkung

Approaching Resistances idea
SHORT call given

21. Juli 2023

Anmerkung

4. Aug. 2023

Anmerkung

EEUR/USD
Short given


200pips+

28. Aug. 2023

Trade ist aktiv

It's been a fruitful summer-end shorting EUR/USD.


If it happens U missed this wave down, check the other ideas related to EUR/USD to not miss the next wave down

28. Aug. 2023

Anmerkung

Macro View for EUR/USD

2. Okt. 2023

Trade ist aktiv

EUR/USD
How much lower can it go ?


Overall its been a good Summer Shorting EUR/USD to say the least



Negative momentum has started to slow a bit,
finding technical base floor of support (1.04775 - 1.05300).
TP1 and TP2 hit (patience needed for other TP targets)





Meanwhile looking for Buy setups (swing)
while the main Trend REMAINS to South
until further Price Action confirmation (Market Structure) as Trend Shift Validation.

Do not be fazed by the recent jump on EUR/USD.
Main Trend remains Bearish with a Strong DXY printing 11 Consecutive Gren Weekly
Candlsticks.