EUR/USD Weekly Analysis: Short Opportunity with Dual Setups

1. Apr.

Traders,

Expanding on our EUR/USD analysis, I've integrated two distinct setups:

Significant Support: Daily chart analysis reveals robust support levels.

Bearish Trend: The LR channel indicates a prevailing bearish trend.

Key Shorting Zone: A notable cluster formed by the Weekly Pivot and Last Week's POC presents an excellent opportunity to consider short positions.

Considering these setups:

The first setup entails a SL placement just above this week's R1 and last week's reversal point.
The second setup involves a SL positioned just above the POC.
Remember, these plans are contingent upon market conditions and may adapt in response to surprises from Wednesday's EURO CPI release and FED Chair Jerome Powell's speech.

Stay adaptable and remain vigilant in your trading endeavors.

Best regards,

1. Apr.

Anmerkung

You can take short-term long trades!!!

1. Apr.

Anmerkung