EURUSD – 1H Technical Analysis
Price is moving inside a descending channel, showing short-term bearish structure, but it’s currently reacting from a key support zone, hinting at a possible corrective bounce.
Structure & Key Levels
🔽 Trend: Bearish channel (lower highs & lower lows)
🟫 Support zone: 1.1789 (channel lower boundary)
🟢 Entry area: ~1.1867
🔴 Stop loss: 1.1789
🎯 Target: 1.1900 – 1.1906
Scenario
As long as price holds above 1.1789, a pullback to the upside is likely.
The move would be a counter-trend correction, not a full trend reversal unless price breaks and closes above the channel.
Rejection from the upper channel line may resume selling pressure.
Trading Idea
📈 Buy from support → target mid/upper channel
⚠️ Conservative traders should wait for bullish confirmation candle near entry.
Bias
Short-term: Bullish correction
Overall structure: Still bearish
Price is moving inside a descending channel, showing short-term bearish structure, but it’s currently reacting from a key support zone, hinting at a possible corrective bounce.
Structure & Key Levels
🔽 Trend: Bearish channel (lower highs & lower lows)
🟫 Support zone: 1.1789 (channel lower boundary)
🟢 Entry area: ~1.1867
🔴 Stop loss: 1.1789
🎯 Target: 1.1900 – 1.1906
Scenario
As long as price holds above 1.1789, a pullback to the upside is likely.
The move would be a counter-trend correction, not a full trend reversal unless price breaks and closes above the channel.
Rejection from the upper channel line may resume selling pressure.
Trading Idea
📈 Buy from support → target mid/upper channel
⚠️ Conservative traders should wait for bullish confirmation candle near entry.
Bias
Short-term: Bullish correction
Overall structure: Still bearish
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.