On the H1 timeframe, EURUSD is rebounding towards the 1.1407 level, but current bullish momentum lacks the conviction to break the overhead resistance. The 1.1430 area is a pivotal zone where renewed selling pressure is likely to emerge.
Notably, the price is consolidating in a tight range below resistance, with immediate support located near 1.1380. If EURUSD rallies to 1.1430 but fails to clearly close above this level, the move is likely just a test of supply before a reversal to the downside.
Entry Focus: Prioritize SELL positions around 1.1420–1.1430 upon the appearance of a rejection candle.
Target: 1.1380
Invalidation: The bearish scenario is invalidated if the H1 candle closes firmly above 1.1435.
Notably, the price is consolidating in a tight range below resistance, with immediate support located near 1.1380. If EURUSD rallies to 1.1430 but fails to clearly close above this level, the move is likely just a test of supply before a reversal to the downside.
Entry Focus: Prioritize SELL positions around 1.1420–1.1430 upon the appearance of a rejection candle.
Target: 1.1380
Invalidation: The bearish scenario is invalidated if the H1 candle closes firmly above 1.1435.
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LEVEL UP YOUR TRADING
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Signals & setups to boost your edge
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👉t.me/+NBWGUpNcAxsyYjRl
Signals & setups to boost your edge
Free trading plans to follow
Real-time market insights
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.