EUR/USD set for a potential drop

2023年1月27日

The EUR/USD appears to be ready for a potential drop however may remain flat until next week's jam-packed economic data releases.

From a purely technical standpoint, a wedge looks to be formed alongside MACD bearish divergence. If we begin trading below the median zone, I'd look to hold short positions down towards 1.0100.

The trade idea is invalidated if we pop back above 1.0920

2023年1月30日

トレード稼働中

So far the EUR/USD is not making any major moves as of yet. Although price attempted to make a bullish push early on, it was faded out in the later morning.

Tomorrow's price action should be telling after GDP numbers. We'll stay tuned and see how the Bulls or Bears develop.

2023年2月1日

手動でトレードを終了しました

Bulls are starting to push, If we continue above 1.0920, will switch position to the long side. Don't like the momentum and upside threat. Trade closed to protect risk.