Hello traders! Here’s my technical outlook based on the current EURUSD (4H) chart structure. Price previously moved within an ascending structure before reversing at a key resistance trend line, signaling a shift to bearish momentum. After the drop, the market formed a consolidation range and later broke below it, confirming continued downside pressure. Currently, EURUSD is trading below the descending trend line and inside the seller zone around 1.1540, where price recently showed rejection and weak bullish attempts. As long as price remains below 1.1540 and under the trend line, the bearish bias remains valid. A rejection from this area could push EURUSD toward the 1.1390 support zone (TP1). Please share this idea with your friends and click Boost 🚀
Trade attivo
We see the corrective movement that we expected, but it broke through the trend line. The question is whether it will be able to hold this level, because such minor breakthroughs have already occurred before and did not lead to drastic changes.Nota
We see a correction with a breakout of the trend line, but the price has not yet consolidated at this level and a return to a downward movement is possible.Trade chiuso manualmente
We see that so far the euro is above the trend line and is holding this level!
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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.