Hello traders! Here’s my technical outlook based on the current EURUSD (4H) chart structure. EURUSD previously traded below a long-term descending trendline before breaking beneath an ascending support line, confirming a bearish shift. After the breakdown, price consolidated inside a range and later dropped below the 1.1430 Buyer Zone, extending the downside move. Buyers have recently defended the rising support line, triggering a short-term rebound. Currently, EURUSD is trading above the rising support line while remaining below the 1.1500 Seller Zone and the long-term descending trendline. The latest bounce suggests buyers are attempting to recover, but major resistance is still overhead. As long as EURUSD holds above the rising support line and reclaims the 1.1430 Buyer Zone, the bullish scenario remains valid. A continuation higher could push price toward the 1.1500 Seller Zone (TP1). However, a rejection below resistance would keep the broader bearish trend intact. Please share this idea with your friends and click "Boost" 🚀
Trade geschlossen: Ziel wurde erreicht
The euro analysis worked out pretty quickly and we got our target. As you can see, I drew the trend line pretty accurately. We see the reaction of the sellers!
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💰Want receive more profitable signals for Crypto & Forex market, write me PM 👉 bit.ly/4fNijD8
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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.