EURUSD – 1H Technical Analysis
Price is moving inside a descending channel, showing short-term bearish structure, but it’s currently reacting from a key support zone, hinting at a possible corrective bounce.
Structure & Key Levels
🔽 Trend: Bearish channel (lower highs & lower lows)
🟫 Support zone: 1.1789 (channel lower boundary)
🟢 Entry area: ~1.1867
🔴 Stop loss: 1.1789
🎯 Target: 1.1900 – 1.1906
Scenario
As long as price holds above 1.1789, a pullback to the upside is likely.
The move would be a counter-trend correction, not a full trend reversal unless price breaks and closes above the channel.
Rejection from the upper channel line may resume selling pressure.
Trading Idea
📈 Buy from support → target mid/upper channel
⚠️ Conservative traders should wait for bullish confirmation candle near entry.
Bias
Short-term: Bullish correction
Overall structure: Still bearish
Price is moving inside a descending channel, showing short-term bearish structure, but it’s currently reacting from a key support zone, hinting at a possible corrective bounce.
Structure & Key Levels
🔽 Trend: Bearish channel (lower highs & lower lows)
🟫 Support zone: 1.1789 (channel lower boundary)
🟢 Entry area: ~1.1867
🔴 Stop loss: 1.1789
🎯 Target: 1.1900 – 1.1906
Scenario
As long as price holds above 1.1789, a pullback to the upside is likely.
The move would be a counter-trend correction, not a full trend reversal unless price breaks and closes above the channel.
Rejection from the upper channel line may resume selling pressure.
Trading Idea
📈 Buy from support → target mid/upper channel
⚠️ Conservative traders should wait for bullish confirmation candle near entry.
Bias
Short-term: Bullish correction
Overall structure: Still bearish
JOIN MY TELEGRAM CHANNEL LINK t.me/lmindgolde JOIN MY TELEGRAM CHANNEL LINK t.me/lmindgolde
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
JOIN MY TELEGRAM CHANNEL LINK t.me/lmindgolde JOIN MY TELEGRAM CHANNEL LINK t.me/lmindgolde
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.