In the H1 timeframe, the EUR/USD currency pair is currently exhibiting an overbought Relative Strength Index (RSI) condition. The price action indicates the formation of a right shoulder within a potential Head & Shoulders pattern. Based on our analysis, we anticipate a reversal from this point, suggesting a new short position opportunity.
In contrast, the USD/JPY pair is experiencing an upward trend, indicating strength in the US dollar. This negative correlation between the EUR/USD and USD/JPY pairs could potentially serve as a positive signal for our anticipated scenario of a reversal and a new short position on the EUR/USD.
Considering these factors and the technical indicators, we believe there is a compelling case for initiating a short position on the EUR/USD currency pair. However, as with any trading decision, it is important to carefully monitor the market conditions, manage risk effectively, and adapt the strategy accordingly.
In contrast, the USD/JPY pair is experiencing an upward trend, indicating strength in the US dollar. This negative correlation between the EUR/USD and USD/JPY pairs could potentially serve as a positive signal for our anticipated scenario of a reversal and a new short position on the EUR/USD.
Considering these factors and the technical indicators, we believe there is a compelling case for initiating a short position on the EUR/USD currency pair. However, as with any trading decision, it is important to carefully monitor the market conditions, manage risk effectively, and adapt the strategy accordingly.
İşlem aktif
⭐⭐⭐
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.