EURUSD Forecast: Why a Bearish Bias Makes Sense Now
The EURUSD pair is facing downward pressure due to several key factors happening in the world right now. The European Central Bank is being cautious about raising interest rates, while the Eurozone is dealing with ongoing economic challenges. This is making the euro weaker.
On the other hand, the U.S. dollar is showing strength because the Federal Reserve is taking a tougher stance on interest rates, and the U.S. economy is performing relatively well. Also, political tensions and energy concerns in Europe are adding to the euro's weakness against the dollar.
Given this bearish outlook for EURUSD, I'm planning to use probability-based strategy (X1X2) to enter short positions. This approach helps me manage risk while aiming for profits.
1W:
8H:
On the other hand, the U.S. dollar is showing strength because the Federal Reserve is taking a tougher stance on interest rates, and the U.S. economy is performing relatively well. Also, political tensions and energy concerns in Europe are adding to the euro's weakness against the dollar.
Given this bearish outlook for EURUSD, I'm planning to use probability-based strategy (X1X2) to enter short positions. This approach helps me manage risk while aiming for profits.
1W:
8H:
Trade closed: target reached
Indicator Accuracy: Price Hits TP1 Spot On!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.