Hello traders! Here’s my technical outlook based on the current EURUSD (3H) chart structure. Previously, the pair was trading inside a range, showing consolidation before a strong breakout to the downside. After the drop, price found a pivot point and began a recovery phase.
Currently, EURUSD is moving within an ascending structure, forming higher lows along a trendline, which signals growing bullish momentum. At the same time, price is approaching the 1.1800 supply zone, where a range has formed and a reaction is already visible, indicating selling pressure.
As long as EURUSD holds above the support level of 1.1740, I expect a bounce from the support and trend line to retest the resistance. A confirmed break of the resistance level of 1.1800 could trigger a continuation of the move to higher levels (TP1). Manage your risk!
Currently, EURUSD is moving within an ascending structure, forming higher lows along a trendline, which signals growing bullish momentum. At the same time, price is approaching the 1.1800 supply zone, where a range has formed and a reaction is already visible, indicating selling pressure.
As long as EURUSD holds above the support level of 1.1740, I expect a bounce from the support and trend line to retest the resistance. A confirmed break of the resistance level of 1.1800 could trigger a continuation of the move to higher levels (TP1). Manage your risk!
Trade ist aktiv
We can see that the first part of the analysis has already worked. Namely, the decline to the trend line and the reaction at this level. We are waiting for the price to move to our target!Trade wurde manuell geschlossen
The price has confidently broken the trend line, which may indicate a change in market sentiment!
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🔥 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.