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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

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Trade of the week: short EUR/USD

This week, we will go short EUR/USD with a stop at $1.088, as the dollar continues to strengthen versus the euro.

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Forex Euro United States dollar EUR/USD Federal Reserve
Written by: Chris Beauchamp | Chief Market Analyst, London
Publication date:

(AI Video Summary)

Previous FTSE 100 trading outcome

Chris Beauchamp reviews last week's trading strategy, where a long position on the FTSE 100 was stopped out at 8,100 before rebounding. This week, Beauchamp emphasises that the FTSE has reached a new high since May, surpassing resistance at 8,300, suggesting momentum for continued growth.

This week's trading opportunity

Transitioning to forex analysis this week, Beauchamp proposes a short position on EUR/USD, anticipating a decline influenced by a potentially unchanged Federal Reserve (Fed) rate. The short is set with a stop at $1.088, targeting drops toward $1.075, especially surrounding the forthcoming Fed meeting.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Clients can lose more than they deposit. All trading involves risk.

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