EUR/USD: Strategic Short Opportunities Unveiled
The EUR/USD pair is entering a clear bearish correction phase on the 1-hour timeframe. With selling pressure from the OB Zone and strong bearish signals from the EMA indicators, the price is expected to continue moving towards lower support levels.
Suggested Trading Strategy
Entry Points (Short Entry):
Open a short position when the price slightly retraces to the OB Zone (~1.0522-1.0538).
Alternatively, consider entering a short trade if the price breaks below the nearest support level without retracing.
Take Profit (TP):
TP1 at 1.0460.
TP2 at 1.0385.
Stop Loss (SL):
Place the stop loss above the OB Zone (~1.0540), as this is where the price may trigger an unexpected reversal.
Suggested Trading Strategy
Entry Points (Short Entry):
Open a short position when the price slightly retraces to the OB Zone (~1.0522-1.0538).
Alternatively, consider entering a short trade if the price breaks below the nearest support level without retracing.
Take Profit (TP):
TP1 at 1.0460.
TP2 at 1.0385.
Stop Loss (SL):
Place the stop loss above the OB Zone (~1.0540), as this is where the price may trigger an unexpected reversal.
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