Price has been sitting on this strong support line for multiple sessions.
This level is also a round-number zone, so the market naturally reacts here with both hesitation and sudden moves.
Now price is attempting to break below this strong support, and for me this is a simple breakout-style setup.
✨ My Approach
If EURUSD breaks below this support area with a clean candle close, I expect price to extend directly into the next Fib Extension zones drawn on the chart.
These are my expectation levels:
🎯 1.15740 (Fib 1.618)
🎯 1.15420 (Fib 2.000)
These levels form naturally from the completed swing, and once the round-level support is taken out, the market usually accelerates toward these extensions.
This is a pure breakout idea — no extra confirmation needed other than a strong break of the level.
📘 Disclaimer
This is only my personal approach and not financial advice.
This level is also a round-number zone, so the market naturally reacts here with both hesitation and sudden moves.
Now price is attempting to break below this strong support, and for me this is a simple breakout-style setup.
✨ My Approach
If EURUSD breaks below this support area with a clean candle close, I expect price to extend directly into the next Fib Extension zones drawn on the chart.
These are my expectation levels:
🎯 1.15740 (Fib 1.618)
🎯 1.15420 (Fib 2.000)
These levels form naturally from the completed swing, and once the round-level support is taken out, the market usually accelerates toward these extensions.
This is a pure breakout idea — no extra confirmation needed other than a strong break of the level.
📘 Disclaimer
This is only my personal approach and not financial advice.
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.
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.