Hello everyone, here is my breakdown of the current EURUSD setup.
Market Analysis
EURUSD previously traded inside a range, showing consolidation before a breakdown that confirmed bearish pressure. After the drop, price continued lower within a descending channel. Later, the market found a bottom and reversed, breaking out of the channel and shifting into a bullish structure with higher lows.
Currently, price is trading within an ascending channel, holding above the 1.1660 support zone while approaching the 1.1750 resistance zone. A recent pullback from resistance shows some selling pressure, while the trendline continues to act as dynamic support.
My Scenario & Strategy
As long as EURUSD holds above the 1.1660 support and respects the ascending channel, the bullish scenario remains valid. A bounce from support could push price toward the 1.1750 resistance (TP1).
However, if price breaks below 1.1660 and loses the channel structure, the bullish setup would weaken, opening the door for a deeper correction.
That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.
Market Analysis
EURUSD previously traded inside a range, showing consolidation before a breakdown that confirmed bearish pressure. After the drop, price continued lower within a descending channel. Later, the market found a bottom and reversed, breaking out of the channel and shifting into a bullish structure with higher lows.
Currently, price is trading within an ascending channel, holding above the 1.1660 support zone while approaching the 1.1750 resistance zone. A recent pullback from resistance shows some selling pressure, while the trendline continues to act as dynamic support.
My Scenario & Strategy
As long as EURUSD holds above the 1.1660 support and respects the ascending channel, the bullish scenario remains valid. A bounce from support could push price toward the 1.1750 resistance (TP1).
However, if price breaks below 1.1660 and loses the channel structure, the bullish setup would weaken, opening the door for a deeper correction.
That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.
Zlecenie aktywne
We can see that there was indeed a strong reaction and upward momentum in the support zone we identified. Therefore, we will continue to watch and wait for our target!Transakcja zamknięta: osiągnięto wyznaczony cel
Our expectations were confirmed, the price was able to reach the target we set, after which a pullback occurred!
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🚀If you want became part of my trading team & start making big profits welcome to my paid VIP signals group, write me✏️ t.me/ratner_1
❤️Welcome to my telegram channel👉🏼 t.me/ratner_trading
❤️Welcome to my telegram channel👉🏼 t.me/ratner_trading
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.