EUR/USD Decline Offers Short-Term Trading Opportunity

١٩ يوليو ٢٠٢٤

EUR/USD is experiencing a decline for the second straight day, trading near 1.0880 during the London session on Friday. This drop is primarily driven by a stronger US Dollar (USD), fueled by heightened risk aversion in the market.

From a technical perspective, we've identified a supply area on the EUR/USD chart where a price reversal is likely. While there is a more critical upper zone, the current price action is approaching a significant supply area, presenting a potential scalping opportunity.

Traders should monitor this level closely, as the current momentum towards this supply area may provide a timely entry point for short-term gains. The convergence of technical resistance and market sentiment sets the stage for a potential bounce, making this a strategic moment for scalping the EUR/USD pair.

✅ Please share your thoughts about EUR/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.

٢٣ يوليو ٢٠٢٤

تم فتح الصفقة

٢٥ يوليو ٢٠٢٤

أغلقت الصفقة: تم الوصول للهدف

✅ I'm moving SL to breakeven here.

٢٩ يوليو ٢٠٢٤

تم فتح الصفقة

١ أغسطس ٢٠٢٤

تم فتح الصفقة