kfrivaldo
Short

EURUSD Weekly Analysis Feb 27 - Mar 3

FX:EURUSD   Euro Fx/U.S. Dollar
137 0 3
Bearish Bias on EURUSD             . The market is in continuation of longer time frame downtrend.

A break below 1.0520 is a good short opportunity with almost 2:1 risk reward ratio.

SL @ 1.0715
Sell stop @ 1.0520
TP1 @ 1.0352
TP2 @ 1.0143


Comment: Our Sell stop has been triggered and went down for only 31 pips @1.0492 and the market reversed where the current market price is @ 1.06199.

Although we have not hit the SL yet, it is high likely to be hit as the Friday’s daily candle has formed a bullish engulfing candle located at the bottom of the chart. This indicates a strong battle between the bulls and the bears where the bulls win at the of the trading day. With this shift of momentum, we expect the market will retest the recent high 1.0784.

With that said, if we have an active bearish trade, it is recommended to close it.
United Kingdom
United States
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out