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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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Trading the trend: short EUR/USD

As EUR/USD has entered key resistance between $1.0695 and $1.0725, we would like to go short the cross with a stop loss above the 200-day simple moving average at $1.0815, and a downside target in the $1.0500 region.

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Forex Indices EUR/USD VIX United States dollar Euro
Written by: Axel Rudolph | Market Analyst, London
Publication date:

(AI Video Summary)

Previous soybeans and VIX trading outcomes

In this week's "Trading the trend" episode, Axel Rudolph focuses on recent and new trading strategies. Two weeks prior, he recommended shorting soybeans - a position that proved profitable. He also discussed going short on the volatility index (VIX) amidst geopolitical tensions, which remains an open trade with potential upside as tensions eased and the VIX retreated.

This week's trading opportunity

This week's new strategy involves shorting the EUR/USD pair, citing a downtrend and suggesting a selling opportunity within a key resistance area. Key levels for the trade include entering a key resistance between $1.0695 and $1.0725, so Rudolph reccomends to go short the cross with a stop loss above the 200-day simple moving average at $1.0815, and a downside target in the $1.0500 region.

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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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