EURUSD Downside Risk
Jonathan Kibbler, September 25th, 2017
Traders we have been watching EURUSD for a while as it struggles to break above its previous highs and is sitting within a weekly resistance zone . We are looking for a break below the daily lows for opportunities for a short position. Weekly chart suggests a weekly retracement could be playing out.
FOMC last week stated they expect to hike rates 1 more time this year which could aid this trade to the downside.
Jonathan Kibbler
About the author: Jonathan has been professionally trained by two hedge fund managers in London and has grown a strong passion for financial markets. His trading strategy combines Daily, 4HR and 1HR charts with top down analysis to generate trading ideas.
Disclaimer: Trading involves the risk of loss of capital and is not suitable for everyone. As many companies provide high leverage you should be aware you could lose substantially more than your initial investment. The content of this post should only be considered a guide. Views, opinions or content contained is purely the opinion of the author. It is provided solely for information purposes and does not constitute investment advice or a solicitation to trade or invest. Previous performance is no guarantee of future performance. You should carefully consider the inherent risks, your financial situation, your investment objectives, level of experience, and risk appetite. You should ONLY risk capital you can afford to lose. It is imperative you should seek advice from an independent financial advisor if you have any doubts. Although every effort has been taken to ensure that all content included is correct, we cannot guarantee its accuracy.
