Price has been sitting on this strong support line for multiple sessions.
This level is also a round-number zone, so the market naturally reacts here with both hesitation and sudden moves.
Now price is attempting to break below this strong support, and for me this is a simple breakout-style setup.
✨ My Approach
If EURUSD breaks below this support area with a clean candle close, I expect price to extend directly into the next Fib Extension zones drawn on the chart.
These are my expectation levels:
🎯 1.15740 (Fib 1.618)
🎯 1.15420 (Fib 2.000)
These levels form naturally from the completed swing, and once the round-level support is taken out, the market usually accelerates toward these extensions.
This is a pure breakout idea — no extra confirmation needed other than a strong break of the level.
📘 Disclaimer
This is only my personal approach and not financial advice.
This level is also a round-number zone, so the market naturally reacts here with both hesitation and sudden moves.
Now price is attempting to break below this strong support, and for me this is a simple breakout-style setup.
✨ My Approach
If EURUSD breaks below this support area with a clean candle close, I expect price to extend directly into the next Fib Extension zones drawn on the chart.
These are my expectation levels:
🎯 1.15740 (Fib 1.618)
🎯 1.15420 (Fib 2.000)
These levels form naturally from the completed swing, and once the round-level support is taken out, the market usually accelerates toward these extensions.
This is a pure breakout idea — no extra confirmation needed other than a strong break of the level.
📘 Disclaimer
This is only my personal approach and not financial advice.
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.
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.