Weekly EUR/USD Outlook: Short Opportunity

EUR/USDShortIntraday13h ago3 views

Trade Setup

Entry Price

1.0840

Stop Loss

1.0888

Take Profit

1.0745

Risk : Reward

1 : 1.98

RiskReward

Technical Analysis

Looking at the 1-hour chart, EUR/USD is showing a clear pennant pattern near the 1.084 level.

Fundamental Context

Fundamental catalysts align with the technical picture here. EUR/USD has room to move.

Trade Setup

Risk:reward is 2:1. Stop loss at 1.0888, take profit at 1.0745.

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