Hello everyone, here is my breakdown of the current EURUSD setup.
Market Analysis
EURUSD previously traded inside a range and wedge structure before breaking lower and shifting bearish. Price then entered a downward channel, where multiple breakouts above the Resistance Zone were rejected and price moved back lower.
Currently, EURUSD is trading below the 1.1550 Resistance Zone while holding above the 1.1430 Support Zone and respecting the downward channel. The recent rejection suggests sellers may attempt another move lower.
My Scenario & Strategy
As long as EURUSD remains below the 1.1550 Resistance Zone and respects the wedge structure, the bearish scenario remains valid. A continuation lower could push price toward the 1.1430 Support Zone (TP1).
However, a breakout and close above 1.1550 would weaken the bearish outlook and increase the possibility of further upside.
That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.
Market Analysis
EURUSD previously traded inside a range and wedge structure before breaking lower and shifting bearish. Price then entered a downward channel, where multiple breakouts above the Resistance Zone were rejected and price moved back lower.
Currently, EURUSD is trading below the 1.1550 Resistance Zone while holding above the 1.1430 Support Zone and respecting the downward channel. The recent rejection suggests sellers may attempt another move lower.
My Scenario & Strategy
As long as EURUSD remains below the 1.1550 Resistance Zone and respects the wedge structure, the bearish scenario remains valid. A continuation lower could push price toward the 1.1430 Support Zone (TP1).
However, a breakout and close above 1.1550 would weaken the bearish outlook and increase the possibility of further upside.
That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.
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❤️Welcome to my telegram channel👉🏼 t.me/ratner_trading
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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.
🚀If you want became part of my trading team & start making big profits welcome to my paid VIP signals group, write me✏️ t.me/ratner_1
❤️Welcome to my telegram channel👉🏼 t.me/ratner_trading
❤️Welcome to my telegram channel👉🏼 t.me/ratner_trading
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.