EURUSD has bounced from the 1.1500 area after sweeping downside liquidity, but traders remain cautious about calling a trend reversal. The broader picture still favours the US Dollar, especially with DXY holding near 100 and markets expecting the Federal Reserve to remain patient on rate cuts.
From a market structure perspective, the rally is currently testing the EMA34 and a nearby supply zone. This often becomes an area where sellers re-enter during a bearish trend.
If buyers fail to push above 1.1600, the pair may resume its downward path.
Trade Setup:
Sell Zone: 1.1570 – 1.1600
Stop Loss: 1.1635
Take Profit 1: 1.1520
Take Profit 2: 1.1500
Take Profit 3: 1.1460
A sustained H4 close above 1.1600 would weaken the bearish outlook and support a deeper recovery.
From a market structure perspective, the rally is currently testing the EMA34 and a nearby supply zone. This often becomes an area where sellers re-enter during a bearish trend.
If buyers fail to push above 1.1600, the pair may resume its downward path.
Trade Setup:
Sell Zone: 1.1570 – 1.1600
Stop Loss: 1.1635
Take Profit 1: 1.1520
Take Profit 2: 1.1500
Take Profit 3: 1.1460
A sustained H4 close above 1.1600 would weaken the bearish outlook and support a deeper recovery.
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Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.