A Bearish Week for EUR/USD 10/8/2024

Last week saw the EUR/USD price rally downwards with a serious spike. Starting this week I'm more inclined to look for more sell setups than buy setups. We could see the price pull slightly back to 1.10096 before starting the move down. If it pulls back slightly higher than that, then I'll be looking at 1.10822 but if it goes way beyond this level, then I won't be taking any sell setups. If the price starts delivering on the sellside, then my first Take Profit will be at 1.09088. We could see price go even lower and the next price level I will be looking to take a partial profit is 1.08201. The last price level I expect to take all my profits if price continues rallying downwards is 1.07781.

This post contains affiliate links. I may earn a small commission fee if you make a purchase through the links. Thanks.

Disclaimer

The publisher and author make no representations or warranties with respect to the accuracy or completeness of these contents and disclaim all warranties such as warranties of fitness for a particular purpose. The author or publisher is not liable for any damages whatsoever. The fact that an individual or organization is referred to in this document/website as a citation source of information does not imply that the author or publisher endorses the information that the individual or organization provided. The information provided here is of the nature of a general comment only and neither purports nor intends to be, specific trading advice. It has been prepared without regard to any particular person’s investment objectives, financial situation and particular needs. The information should not be considered as an offer or enticement to buy, sell or trade.

A Bearish Week for EUR/USD 10/8/2024