EURUSD(
EURUSD) is currently trading near a resistance zone($1.1573-$1.1473), the Potential Reversal Zone (PRZ)[($1.1494-$1.1473)], and the Resistance Lines.
From an Elliott Wave perspective, EURUSD appears to have completed its Primary Wave 4 near the resistance lines. The overall structure of Wave 4 seems to be developing as a Double Three Correction (W-X-Y).
Also, we can see a Negative Regular Divergence (RD-) between two consecutive peaks, which could be an early sign of weakening bullish momentum.
I expect EURUSD to continue its bearish move in the coming hours and decline at least toward 1.1430. If the bearish momentum increases, the pair could extend its decline further. A break below the key trading level of 1.1428 could open the door for a deeper correction.
First Target: $1.1430
Second Target: $1.1410
Third Target: $1.13920
Stop Loss(SL): $1.1496(Worst)
What’s your view on EURUSD? Do you think the pair can continue its bullish trend, or should we expect a deeper correction?
💡 Please respect each other's opinions and express agreement or disagreement politely.
📌 Euro/U.S Dollar Analyze (EURUSD), 1-hour time frame.
🛑 Always set a Stop Loss(SL) for every position you open.
✅ This is just my idea; I’d love to see your thoughts too!
🔥 If you find it helpful, please BOOST this post and share it with your friends.
EURUSD) is currently trading near a resistance zone($1.1573-$1.1473), the Potential Reversal Zone (PRZ)[($1.1494-$1.1473)], and the Resistance Lines.From an Elliott Wave perspective, EURUSD appears to have completed its Primary Wave 4 near the resistance lines. The overall structure of Wave 4 seems to be developing as a Double Three Correction (W-X-Y).
Also, we can see a Negative Regular Divergence (RD-) between two consecutive peaks, which could be an early sign of weakening bullish momentum.
I expect EURUSD to continue its bearish move in the coming hours and decline at least toward 1.1430. If the bearish momentum increases, the pair could extend its decline further. A break below the key trading level of 1.1428 could open the door for a deeper correction.
First Target: $1.1430
Second Target: $1.1410
Third Target: $1.13920
Stop Loss(SL): $1.1496(Worst)
What’s your view on EURUSD? Do you think the pair can continue its bullish trend, or should we expect a deeper correction?
💡 Please respect each other's opinions and express agreement or disagreement politely.
📌 Euro/U.S Dollar Analyze (EURUSD), 1-hour time frame.
🛑 Always set a Stop Loss(SL) for every position you open.
✅ This is just my idea; I’d love to see your thoughts too!
🔥 If you find it helpful, please BOOST this post and share it with your friends.
Trade attivo
Trade chiuso: obiettivo raggiunto
Target Done(Second Target: $1.1410)
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🚀 Up to 75% Trading Fee Rebates Across 20+ Exchanges:
🤖 t.me/Protrader365bot
-----
🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
🤖 t.me/Protrader365bot
-----
🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
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.