EURUSD Short Setup – Philly Fed Manufacturing Impact

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EURUSD Short Setup – Philly Fed Manufacturing ImpactEuro vs. US DollarFX:EURUSDalisardariThis setup focuses on shorting EURUSD when the USD strengthens following the release of the Philly Fed Manufacturing Index, a key indicator of economic activity in the U.S. manufacturing sector. Stronger‑than‑expected results typically boost USD demand, creating downward pressure on EURUSD. Historically, this strategy shows a 70.99% win rate across 131 trades, using a 0.2% take‑profit and 0.6% stop‑loss. It has produced a total historical PnL of 4.89%, with an average return of 0.037% per trade and an average holding time of about 15.27 hours. Outcome distribution: 66.41% hit take‑profit 11.45% hit stop‑loss 22.13% were manually closed This performance suggests that EURUSD frequently reacts bearishly when USD strengthens on the back of Philly Fed manufacturing data. Disclaimer: Past performance does not guarantee future results. Market reactions to economic news can vary, and trading involves risk.