Hello traders! Here’s my technical outlook based on the current EURUSD (4H) chart structure. EURUSD previously traded below a long-term descending trendline before breaking beneath an ascending support line, confirming a bearish shift. After the breakdown, price consolidated inside a range and later dropped below the 1.1430 Buyer Zone, extending the downside move. Buyers have recently defended the rising support line, triggering a short-term rebound. Currently, EURUSD is trading above the rising support line while remaining below the 1.1500 Seller Zone and the long-term descending trendline. The latest bounce suggests buyers are attempting to recover, but major resistance is still overhead. As long as EURUSD holds above the rising support line and reclaims the 1.1430 Buyer Zone, the bullish scenario remains valid. A continuation higher could push price toward the 1.1500 Seller Zone (TP1). However, a rejection below resistance would keep the broader bearish trend intact. Please share this idea with your friends and click "Boost" 🚀
Trade fermée: cible de profit atteinte
The euro analysis worked out pretty quickly and we got our target. As you can see, I drew the trend line pretty accurately. We see the reaction of the sellers!
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💰Want receive more profitable signals for Crypto & Forex market, write me PM 👉 bit.ly/4fNijD8
💰Want receive more profitable signals for Crypto & Forex market, write me PM 👉 bit.ly/4fNijD8
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.