Hello everyone, here is my breakdown of the current EURUSD setup.
Market Analysis
EURUSD recently rallied after breaking above the long-term descending trendline, but the advance stalled at the 1.1560 Resistance Zone, where sellers stepped back into the market. The latest rejection from resistance suggests bullish momentum is fading, while price remains vulnerable to a pullback.
Currently, EURUSD is trading below the 1.1560 Resistance Zone while holding above the 1.1460 Support Zone. Price is consolidating after the rejection, with sellers attempting to regain short-term control.
My Scenario & Strategy
As long as EURUSD remains below the 1.1560 Resistance Zone, the bearish scenario remains valid. A rejection from current levels could push price toward the 1.1460 Support Zone (TP1).
However, if EURUSD breaks and closes above the 1.1560 Resistance Zone, the bearish outlook would weaken, opening the door for a continuation of the bullish trend.
That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.
Market Analysis
EURUSD recently rallied after breaking above the long-term descending trendline, but the advance stalled at the 1.1560 Resistance Zone, where sellers stepped back into the market. The latest rejection from resistance suggests bullish momentum is fading, while price remains vulnerable to a pullback.
Currently, EURUSD is trading below the 1.1560 Resistance Zone while holding above the 1.1460 Support Zone. Price is consolidating after the rejection, with sellers attempting to regain short-term control.
My Scenario & Strategy
As long as EURUSD remains below the 1.1560 Resistance Zone, the bearish scenario remains valid. A rejection from current levels could push price toward the 1.1460 Support Zone (TP1).
However, if EURUSD breaks and closes above the 1.1560 Resistance Zone, the bearish outlook would weaken, opening the door for a continuation of the bullish trend.
That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.
Trade ativo
At the moment, there is an upward correction as I expected. The price is trying to rise to retest the support. But soon, in my opinion, sellers will intervene!
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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.
🚀If you want became part of my trading team & start making big profits welcome to my paid VIP signals group, write me✏️ t.me/ratner_1
❤️Welcome to my telegram channel👉🏼 t.me/ratner_trading
❤️Welcome to my telegram channel👉🏼 t.me/ratner_trading
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.