Euro / Dollar ASPenjualan
EURUD TRADE IDEA
Certainly, here's a paragraph summarizing the technical analysis of the EUR/USD trade idea based on the provided chart:
The EUR/USD chart exhibits a clear downward trend since 2020, characterized by lower highs and lower lows. A descending channel pattern has formed, with the price currently trading within its boundaries.
Key resistance levels are observed at 1.11973, 1.09362, and 1.08758, while support levels are seen at 1.02669, 1.00000, and 0.98210. Given the prevailing downtrend and the descending channel, a short trade could be considered. A short entry could be triggered upon a break below the lower trendline of the channel. A stop-loss order should be placed above the recent swing high, and the profit target could be set at the 0.98210 support level or the lower boundary of a demand zone. It is crucial to conduct thorough research, consult with a financial advisor, and implement proper risk management strategies before entering any trade.
The EUR/USD chart exhibits a clear downward trend since 2020, characterized by lower highs and lower lows. A descending channel pattern has formed, with the price currently trading within its boundaries.
Key resistance levels are observed at 1.11973, 1.09362, and 1.08758, while support levels are seen at 1.02669, 1.00000, and 0.98210. Given the prevailing downtrend and the descending channel, a short trade could be considered. A short entry could be triggered upon a break below the lower trendline of the channel. A stop-loss order should be placed above the recent swing high, and the profit target could be set at the 0.98210 support level or the lower boundary of a demand zone. It is crucial to conduct thorough research, consult with a financial advisor, and implement proper risk management strategies before entering any trade.
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