EUR/USD H4 Chart Descending Channel Bearish Continuation Pattern 
EURUSD
It continues to trade inside a well-defined descending channel, with price rejecting the major resistance zone around 1.1471–1.1500. The overall market structure remains bearish as lower highs and lower lows continue to dominate. Unless buyers reclaim the resistance zone with strong momentum, the path of least resistance favors another leg lower toward the highlighted support targets.
(SELL)
🔴 1st Support: 1.1247
🔴 2nd Support: 1.1175
🟢 Resistance Zone: 1.1471 – 1.1500
✅ Markets broadly expect the Federal Reserve to keep rates unchanged, with traders focused on forward guidance for clues about future tightening.
⚠️ Disclaimer: This analysis is for educational purposes only.
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EURUSD It continues to trade inside a well-defined descending channel, with price rejecting the major resistance zone around 1.1471–1.1500. The overall market structure remains bearish as lower highs and lower lows continue to dominate. Unless buyers reclaim the resistance zone with strong momentum, the path of least resistance favors another leg lower toward the highlighted support targets.
(SELL)
🔴 1st Support: 1.1247
🔴 2nd Support: 1.1175
🟢 Resistance Zone: 1.1471 – 1.1500
✅ Markets broadly expect the Federal Reserve to keep rates unchanged, with traders focused on forward guidance for clues about future tightening.
⚠️ Disclaimer: This analysis is for educational purposes only.
Support the idea 🚀 Boost | 💬 Comment | 🔁 Share
🔸🔸 Charts Don't Lie, Traders Don't Quit 🔸🔸
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🟢New Telegram Free Channel : telegram.me/kabhi_official
Contact Me @
Telegram - telegram.me/kabhidhan_official
Contact Me @
Telegram - telegram.me/kabhidhan_official
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.