EURUSD has been under selling pressure

 EURUSD, 15-minute timeframe chart

👉Level explanation

EURUSD has been under selling pressure within the last couple of hours.

👉Possible scenario

The best way to use this opportunity is to place a Sell order at 1.03930.

Set your stop loss at 1.04105 above the previous high ($1.75 loss for 0.01 lot) and take profit at 1.03755 ($1.75 profit for 0.01 lot).

The risk-reward ratio for this order is 1:1.

📝Fundamental factors

The eurozone Consumer Price Index report will be released in a few hours and could affect this trade.

Signal Status: EXPIRED