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What are your thoughts on EURUSD?
EURUSD remains under bearish pressure after breaking below a key support zone. This area, which previously acted as support, has now turned into resistance and is reinforced by a descending trendline and the 50%–61.8% Fibonacci retracement, creating a strong confluence resistance zone.
The recent rally is viewed as nothing more than a corrective move and a pullback toward the broken support. After reaching this resistance area, price has already shown signs of rejection, suggesting that selling pressure is beginning to return. A period of short-term consolidation around the current levels is possible, but as long as price remains below the resistance zone, the broader bearish outlook remains intact. In this scenario, the next downside target is located around 1.1250.
On the other hand, a sustained breakout and daily close above the resistance zone and the descending trendline would invalidate the bearish scenario.
If you found this analysis helpful, please support it with a like and share your thoughts in the comments! Good luck with your trades!❤️
What are your thoughts on EURUSD?
EURUSD remains under bearish pressure after breaking below a key support zone. This area, which previously acted as support, has now turned into resistance and is reinforced by a descending trendline and the 50%–61.8% Fibonacci retracement, creating a strong confluence resistance zone.
The recent rally is viewed as nothing more than a corrective move and a pullback toward the broken support. After reaching this resistance area, price has already shown signs of rejection, suggesting that selling pressure is beginning to return. A period of short-term consolidation around the current levels is possible, but as long as price remains below the resistance zone, the broader bearish outlook remains intact. In this scenario, the next downside target is located around 1.1250.
On the other hand, a sustained breakout and daily close above the resistance zone and the descending trendline would invalidate the bearish scenario.
If you found this analysis helpful, please support it with a like and share your thoughts in the comments! Good luck with your trades!❤️
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면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
✅MY FREE FOREX &CRYPTO SIGNALS TELEGRAM CHANNEL:
telegram.me/+1gFAIO4CJJw3NTU0
✅ MY INSTAGRAM :
instagram.com/marketanalaysis
telegram.me/+1gFAIO4CJJw3NTU0
✅ MY INSTAGRAM :
instagram.com/marketanalaysis
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.