Hello everyone, here is my breakdown of the current EURUSD setup.
Market Analysis
EURUSD is trading within a broader corrective structure, and the current price action suggests increasing bearish pressure near key resistance. Earlier, the pair formed a triangle structure, where price respected both the Triangle Resistance Line and the Triangle Support Line. Multiple breakouts occurred during this phase, but they failed to generate sustained bullish continuation, indicating weakening buyer momentum. After breaking out of the triangle, EURUSD moved higher and entered a consolidation range, where price paused and built liquidity. This range was later resolved to the upside, pushing price into the Resistance Zone around 1.1750. However, this move was followed by a fake breakout, signaling that buyers failed to maintain control above resistance. At the highs, a clear Head and Shoulders pattern has formed, with the left shoulder, head, and right shoulder developing directly under the descending trend line and within the resistance zone. This structure highlights strong seller presence and confirms rejection from higher levels. Price is now rolling over from resistance and starting to move lower.
Currently, EURUSD is pulling back toward the Support Zone around 1.1660, which aligns with previous breakout levels and horizontal demand. This area is acting as the nearest downside target, and price reaction here will be critical.
My Scenario & Strategy
My scenario is bearish as long as EURUSD remains capped below the 1.1750 Resistance Zone and the descending trend line. I expect continuation to the downside toward the 1.1660 Support Zone, which represents the next key level for buyers to attempt a defense. A clean breakdown below the support zone would confirm further bearish continuation and open the path for deeper downside movement.
However, if price reaches support and shows a strong bullish reaction, a short-term bounce or consolidation may occur. For now, the structure favors sellers, with 1.1750 as key resistance and 1.1660 as the main downside target.
That's the setup I'm tracking. Thank you for your attention, and always manage your risk.
Market Analysis
EURUSD is trading within a broader corrective structure, and the current price action suggests increasing bearish pressure near key resistance. Earlier, the pair formed a triangle structure, where price respected both the Triangle Resistance Line and the Triangle Support Line. Multiple breakouts occurred during this phase, but they failed to generate sustained bullish continuation, indicating weakening buyer momentum. After breaking out of the triangle, EURUSD moved higher and entered a consolidation range, where price paused and built liquidity. This range was later resolved to the upside, pushing price into the Resistance Zone around 1.1750. However, this move was followed by a fake breakout, signaling that buyers failed to maintain control above resistance. At the highs, a clear Head and Shoulders pattern has formed, with the left shoulder, head, and right shoulder developing directly under the descending trend line and within the resistance zone. This structure highlights strong seller presence and confirms rejection from higher levels. Price is now rolling over from resistance and starting to move lower.
Currently, EURUSD is pulling back toward the Support Zone around 1.1660, which aligns with previous breakout levels and horizontal demand. This area is acting as the nearest downside target, and price reaction here will be critical.
My Scenario & Strategy
My scenario is bearish as long as EURUSD remains capped below the 1.1750 Resistance Zone and the descending trend line. I expect continuation to the downside toward the 1.1660 Support Zone, which represents the next key level for buyers to attempt a defense. A clean breakdown below the support zone would confirm further bearish continuation and open the path for deeper downside movement.
However, if price reaches support and shows a strong bullish reaction, a short-term bounce or consolidation may occur. For now, the structure favors sellers, with 1.1750 as key resistance and 1.1660 as the main downside target.
That's the setup I'm tracking. Thank you for your attention, and always manage your risk.
Trade ist aktiv
As we can see, the euro is currently declining as we expected.Trade wurde manuell geschlossen
Most likely, there will be a correction now and the euro will continue its downward movement as we expected.
🚀If you want became part of my trading team & start making big profits welcome to my paid VIP signals group, write me✏️ t.me/ratner_1
❤️Welcome to my telegram channel👉🏼 t.me/ratner_trading
❤️Welcome to my telegram channel👉🏼 t.me/ratner_trading
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.
🚀If you want became part of my trading team & start making big profits welcome to my paid VIP signals group, write me✏️ t.me/ratner_1
❤️Welcome to my telegram channel👉🏼 t.me/ratner_trading
❤️Welcome to my telegram channel👉🏼 t.me/ratner_trading
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.