EURUSD Bearish Rejection from Supply | Downside Toward 1.1334
Hello Traders! 👋
EURUSD remains under bearish pressure after breaking its previous uptrend and trading inside a descending channel. Price has recently rejected the highlighted supply zone, while the Ichimoku cloud continues to act as dynamic resistance.
As long as price stays below the resistance area, the bearish outlook remains valid, with the next downside target at **1.13346**.
**📉 Trade Setup:**
* **Bias:** Bearish
* **Entry:** On bearish rejection from the supply zone
* **Target:** **1.13346**
* **Confirmation:** Wait for a bearish confirmation candle before entering.
Always manage your risk and trade only after confirmation.
EURUSD remains under bearish pressure after breaking its previous uptrend and trading inside a descending channel. Price has recently rejected the highlighted supply zone, while the Ichimoku cloud continues to act as dynamic resistance.
As long as price stays below the resistance area, the bearish outlook remains valid, with the next downside target at **1.13346**.
**📉 Trade Setup:**
* **Bias:** Bearish
* **Entry:** On bearish rejection from the supply zone
* **Target:** **1.13346**
* **Confirmation:** Wait for a bearish confirmation candle before entering.
Always manage your risk and trade only after confirmation.
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Publications connexes
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.