Hello traders, I’d like to share my view on EURUSD. The current market structure shows a clear bearish momentum, with the pair consistently forming lower highs and lower lows inside a well-defined descending channel. The rejection from the 1.1660 Resistance Zone — which coincides with a strong Seller Zone — marked the beginning of a sustained downtrend. After a fake breakout attempt above the resistance, the market quickly reversed and continued to decline, confirming that sellers remain in control. The pair is now trading close to the Buyer Zone, which aligns with the Support Level around 1.1500–1.1480. This area has historically acted as a key demand region, making it crucial for the next price reaction. At the moment, EURUSD is respecting both the Resistance Line and the Support Line within the channel, showing the continuation of the bearish cycle. My primary scenario anticipates a potential short-term pullback toward the upper boundary of the channel (around 1.1560–1.1580) before another bearish impulse develops toward TP1 at 1.1480. However, a confirmed breakout above 1.1600 could invalidate this bearish setup and open the way for a broader correction toward the 1.1660 Resistance Level. Until then, the trend remains bearish, and I favor short opportunities targeting 1.1480 as the next key level. Please share this idea with your friends and click Boost 🚀
Trade ist aktiv
The price has almost reached the resistance zone as we analyzed, so we will watch and wait for the market reaction.Trade geschlossen: Ziel wurde erreicht
The price went as we expected. After bouncing off the resistance line of the Nichchid channel, it went to retest the support line.
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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.