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SHORT EURUSD trading signal

Forex price signals and analysis

Good morning Traders,

Today, August 18,  Lift-Off offers a SHORT trading signal on the main forex market exchange rate, Euro/Dollar.

At the close of the day that makes a loss of 0.86%, closing at 1.0089 USD, losing 88 pips during the session and causing Lift-Off's red band to turn back on.

The EUR/USD exchange rate comes from more than 1 year of bearish trend, which has been significantly accentuated in the early 2022 as a result of the monetary policies of the FED and ECB.

The FED has been raising interest rates, leading investors to invest and strengthening the U.S. Dollar against the Euro and other currencies.

In addition, in Europe, the Geopolitical situation between Russia and Ukraine continues to be difficult.

Below the Eur/Usd chart - with the signal detected by Lift-Off

The news that caused the Euro to fall

[...]The labor market in the United States continued to show strength last week, with initial claims for unemployment benefits falling to 250.000.

The increase had been expected at a level that would be the highest since January, so the drop is further evidence that people continue to find work without too much trouble, despite the slowdown that seems to be affecting more and more sectors of the economy.

The Labor Department, meanwhile, revised down last week's figure on initial claims by 10,000 units to 252,000.

The slow upward trend in initial claims has lasted for a month now, following a peak of 261.000 units in mid-July.[...]

Source: investing.com

Signal Chart Aug. 18, 2022

SHORT- EURUSD

Input Price: $1.0088
Stop Loss: $1.0211
Take Profit 1: $0.9952

R/R: 1.12