EURUSD Rejected at 1.1480 — Sellers Eye Return to 1.1420

Hello traders! Here’s my technical outlook based on the current EURUSD (2H) chart structure. EURUSD previously declined inside a descending channel before finding support near the 1.1320 Buyer Zone, where buyers stepped in and reversed the trend. Price then entered a prolonged consolidation range before breaking higher through resistance and rallying into the 1.1480 Seller Zone. Currently, EURUSD is trading above the 1.1420 Buyer Zone while testing the 1.1480 Seller Zone and the long-term descending resistance line. The latest rejection from this confluence suggests sellers are beginning to defend the area. As long as EURUSD remains below the 1.1480 Seller Zone and respects the long-term descending resistance, the bearish scenario remains valid. A rejection from current levels could push price back toward the 1.1420 Buyer Zone (TP1). Please share this idea with your friends and click "Boost" 🚀

Zlecenie aktywne

Today we see that sellers have defended the resistance level and the price has dropped below it. Now there is a correction, after which, in my opinion, we will reach our target!

6 dni temu

Transakcja zamknięta: osiągnięto wyznaczony cel

As you can see the price continues to narrow and we have reached the support zone again. As long as the price respects the support lines!

LegionQ8

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LegionQ8

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