EURUSD on the H1 chart is currently trading inside a short-term descending channel, which suggests that selling pressure is still controlling the market after the previous bullish move. At the moment, price is reacting around the 1.1512 area, which now acts as the nearest support and the key level to watch for the next move.
From a technical perspective, if EURUSD manages to hold above 1.1512, the pair may attempt a short-term recovery toward 1.1548. This is the first important resistance zone and also the area where sellers could step back in if the bearish channel structure remains intact.
On the other hand, if price breaks decisively below 1.1512, the correction may extend further toward 1.1477, which stands out as the next deeper support and a potential reaction zone for buyers.
Overall, the short-term H1 bias still leans bearish within the descending channel. The main focus is on how price behaves around 1.1512. Holding this level could allow a rebound toward 1.1548, while losing it would likely expose 1.1477 in the coming sessions.
From a technical perspective, if EURUSD manages to hold above 1.1512, the pair may attempt a short-term recovery toward 1.1548. This is the first important resistance zone and also the area where sellers could step back in if the bearish channel structure remains intact.
On the other hand, if price breaks decisively below 1.1512, the correction may extend further toward 1.1477, which stands out as the next deeper support and a potential reaction zone for buyers.
Overall, the short-term H1 bias still leans bearish within the descending channel. The main focus is on how price behaves around 1.1512. Holding this level could allow a rebound toward 1.1548, while losing it would likely expose 1.1477 in the coming sessions.
Note
waitting For entry 1.14777 Setup Buy Transaction en cours
Miss entry BUY ZONE and PUMP PUMP PUMP.... EURUSD dodged a beautiful CECE setup.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.