Hello traders! Here’s a clear technical breakdown of EURUSD (2H) based on the current chart structure. EURUSD previously traded within a well-defined ascending channel, confirming a strong bullish phase with consistent higher highs and higher lows. During this advance, price formed a consolidation range, which eventually resolved to the upside with a breakout, reinforcing bullish momentum. However, as price approached the key Supply Zone around 1.1680–1.1700, buying pressure started to weaken. Several attempts to hold above this area resulted in fake breakouts, signaling strong seller presence and exhaustion at the highs. Following the rejection from supply, EURUSD formed a clear rounding top near the pivot high, marking a structural transition. Price then broke below the range support and the ascending channel, confirming a short-term shift from bullish to bearish control. This breakdown led to the formation of a descending channel, where price is now producing lower highs and lower lows. Recent pullbacks into the channel resistance and supply area have failed, further confirming that the upside moves are corrective rather than impulsive.
Currently, EURUSD is trading below the 1.1680 Supply Zone and is moving toward the Demand Zone around 1.1600, which represents a key support level and the next potential reaction area. This zone aligns with previous structure and may attract buyers for a temporary pause or bounce.
My scenario: as long as EURUSD remains below the 1.1680 Supply Zone and respects the descending channel, the bearish bias remains valid. I expect sellers to maintain control and push price toward the 1.1600 Demand Zone (TP1). A clean breakdown and acceptance below 1.1600 would open the door for a deeper bearish continuation. However, a strong bullish breakout and acceptance back above 1.1680 would invalidate the short scenario and suggest a potential shift back toward consolidation or recovery. For now, market structure favors sellers. Manage your risk!
Currently, EURUSD is trading below the 1.1680 Supply Zone and is moving toward the Demand Zone around 1.1600, which represents a key support level and the next potential reaction area. This zone aligns with previous structure and may attract buyers for a temporary pause or bounce.
My scenario: as long as EURUSD remains below the 1.1680 Supply Zone and respects the descending channel, the bearish bias remains valid. I expect sellers to maintain control and push price toward the 1.1600 Demand Zone (TP1). A clean breakdown and acceptance below 1.1600 would open the door for a deeper bearish continuation. However, a strong bullish breakout and acceptance back above 1.1680 would invalidate the short scenario and suggest a potential shift back toward consolidation or recovery. For now, market structure favors sellers. Manage your risk!
Trade ist aktiv
We see that the Euro has continued its movement inside the descending channel. We will watch and wait for our targets.Trade geschlossen: Ziel wurde erreicht
The analysis worked very well, our goals were achieved. It is possible that buyers will actively intervene from this level.
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🔶 Free telegram channel👉 t.me/heniitrading
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 t.me/henii_trader
💎 I'm open for cooperation/advertising, not interested in rebate
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 t.me/henii_trader
💎 I'm open for cooperation/advertising, not interested in rebate
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.