Hello traders! Here’s my technical outlook based on the current EURUSD (3H) chart structure. EURUSD recently broke above the long-term descending trendline but failed to sustain the breakout. Price was rejected from the 1.1550 Supply Zone, suggesting that sellers are defending this key resistance area.
Currently, EURUSD is trading below the 1.1550 Supply Zone while holding above the 1.1480 Demand Zone. The rejection from resistance increases the risk of a deeper pullback if buyers fail to reclaim higher levels.
As long as EURUSD remains below the 1.1550 Supply Zone, the bearish scenario remains valid. A continuation lower could push price toward the 1.1480 Demand Zone (TP1). However, a breakout above 1.1550 would invalidate the bearish outlook and favor a continuation of the broader recovery. Manage your risk!
Currently, EURUSD is trading below the 1.1550 Supply Zone while holding above the 1.1480 Demand Zone. The rejection from resistance increases the risk of a deeper pullback if buyers fail to reclaim higher levels.
As long as EURUSD remains below the 1.1550 Supply Zone, the bearish scenario remains valid. A continuation lower could push price toward the 1.1480 Demand Zone (TP1). However, a breakout above 1.1550 would invalidate the bearish outlook and favor a continuation of the broader recovery. Manage your risk!
Trade attivo
At this stage, we can see a deviation from the main resistance as I expected. Now all that remains is to wait for the price to decline to support. Possible corrections along the way!
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🔶 Free telegram channel👉 t.me/heniitrading
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 t.me/henii_trader
💎 I'm open for cooperation/advertising, not interested in rebate
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 t.me/henii_trader
💎 I'm open for cooperation/advertising, not interested in rebate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.