EUR/USD on the 15-minute timeframe is currently maintaining a bearish market structure after confirming a Break of Structure (BOS) toward the downside. The chart clearly shows that the previous support levels have flipped into resistance zones, indicating strong selling pressure and a structural shift in market direction. Price has retested the resistance area, where sellers are likely re-entering the market to continue driving the price lower.
The formation of a minor consolidation near the retest area suggests a possible liquidity grab before continuation, giving additional confirmation for a potential downward move. As long as price stays below the resistance zones, the momentum remains bearish, and a drop toward the support target zone is expected. This move aligns with the overall bearish order flow and market structure continuation, showing that sellers are still in full control until the next demand area is reached.
The formation of a minor consolidation near the retest area suggests a possible liquidity grab before continuation, giving additional confirmation for a potential downward move. As long as price stays below the resistance zones, the momentum remains bearish, and a drop toward the support target zone is expected. This move aligns with the overall bearish order flow and market structure continuation, showing that sellers are still in full control until the next demand area is reached.
Penafian
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Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.