EURUSD is currently consolidating inside a descending triangle structure after a strong bearish move.
Price has already reacted from the demand zone around 1.1560–1.1580, showing potential for a short term bounce.
At the moment, the market is compressing between descending resistance and horizontal support, which often leads to a volatility breakout.
The overall trend is still bearish, but multiple reactions from the demand area suggest that a short-term bullish pullback is possible if resistance breaks.
Key levels to watch are 1.1615–1.1620 for a bullish breakout and 1.1580 for a bearish continuation after NFP comes out.
Bullish Scenario (Breakout Above Resistance)
Entry: 1.1615
Stop Loss: 1.1585
Take Profit levels:
TP1: 1.1635
TP2: 1.1650
TP3: 1.1670
A breakout above the triangle resistance could trigger stops and push price toward the next liquidity zone around 1.1650–1.1670.
Bearish Scenario (Breakdown Below Support)
Entry: 1.1585
Stop Loss: 1.1615
Take Profit levels:
TP1: 1.1560
TP2: 1.1535
TP3: 1.1500
If price breaks below the support and the demand zone fails, EURUSD may continue the dominant downtrend.
Price has already reacted from the demand zone around 1.1560–1.1580, showing potential for a short term bounce.
At the moment, the market is compressing between descending resistance and horizontal support, which often leads to a volatility breakout.
The overall trend is still bearish, but multiple reactions from the demand area suggest that a short-term bullish pullback is possible if resistance breaks.
Key levels to watch are 1.1615–1.1620 for a bullish breakout and 1.1580 for a bearish continuation after NFP comes out.
Bullish Scenario (Breakout Above Resistance)
Entry: 1.1615
Stop Loss: 1.1585
Take Profit levels:
TP1: 1.1635
TP2: 1.1650
TP3: 1.1670
A breakout above the triangle resistance could trigger stops and push price toward the next liquidity zone around 1.1650–1.1670.
Bearish Scenario (Breakdown Below Support)
Entry: 1.1585
Stop Loss: 1.1615
Take Profit levels:
TP1: 1.1560
TP2: 1.1535
TP3: 1.1500
If price breaks below the support and the demand zone fails, EURUSD may continue the dominant downtrend.
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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.