EURUSD -> SHORT (Manipulation: Be Careful)Short Bias for the upcoming week.
EURUSD, seem to be changing course to the upside, but that will only happen if the price breaks the $1.087 mark, and if the market doesn't, We can see the Good short.
Analysts predict that this month's Eurozone inflation will increase year over year to 2.5% from 2.4% in April, with the core measure expected to stay stable at 2.7%.
EVENT: Unemployment Claims & Prelim GDP q/q -> MAY 31
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**First Scenario - Short:**
First Target: $1.0825
Second Target: $1.0805
Entry: $1.0861
Stoploss: $1.08645
**Second Scenario - Long:**
Initial Target: $1.09675
Entry: $1.087
Stoploss: $1.08645
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Take into consideration:
Psychological Resistance at $1.097
Psychological Support at $1.08
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NFA
DYOR
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Good Luck!
⚠️ Caution: Just because I've set my buy and sell position Settings or drawn direction lines on my chart doesn't indicate I've opened a position or am obsessed with a particular bias. This is only a forecast; I don't trade when the price reaches my level; I have rules of engagement. Perhaps the most crucial element is 🆘RISK MANAGEMENT🆘.
