Lingrid | EURUSD Monthly High Rejection Short Opportunity

has pushed into the 1.17700 supply band, where the October high aligns with a channel border, creating a dense resistance cluster. The rally looks extended after a sharp A-B-C recovery from support, and recent candles show hesitation rather than follow-through. While structure remains technically bullish above the upward trendline, momentum is beginning to stall near premium pricing.

If bears step in at this historic level, price could rotate lower toward the 1.1670 zone, where prior breakout structure and dynamic support converge. That area may attract bids again, but only after a corrective flush relieves the current imbalance.

➡️ Primary scenario: rejection at 1.1770 → pullback toward 1.1670.
⚠️ Risk scenario: a firm close above 1.1780 could invalidate the rejection setup and open continuation toward 1.1800

If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!

Trade ist aktiv

Attention! the price on resistance zone - good entry to SELL

Lingrid

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Lingrid

🔥 Daily GOLD and Forex updates with 20,000+ active traders:
t.me/LingridChannel
🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j

Auch bei: