After a strong breakout from the previous consolidation zone, EURUSD made a quick move higher but failed to sustain momentum at elevated levels. Price is now showing increasingly weaker rebounds and continues to face downside pressure, suggesting that buyers are beginning to lose their post-breakout advantage.
EURUSD is currently trading close to EMA34, while the EMA89 area below is becoming an important support level to watch. If price continues to weaken and breaks below the 1.1535–1.1540 area, I expect selling pressure to extend and push EURUSD back toward the 1.1520–1.1525 support zone.
The bearish scenario would weaken if price regains momentum, breaks clearly above the nearest short-term high, and holds back above the 1.1565–1.1570 area.
This scenario reflects my personal market assessment only. Please make your trading decisions based on your own analysis.
Wishing you successful trading!
EURUSD is currently trading close to EMA34, while the EMA89 area below is becoming an important support level to watch. If price continues to weaken and breaks below the 1.1535–1.1540 area, I expect selling pressure to extend and push EURUSD back toward the 1.1520–1.1525 support zone.
The bearish scenario would weaken if price regains momentum, breaks clearly above the nearest short-term high, and holds back above the 1.1565–1.1570 area.
This scenario reflects my personal market assessment only. Please make your trading decisions based on your own analysis.
Wishing you successful trading!
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.