Hello everyone, here is my breakdown of the current EURUSD setup.
Market Analysis
EURUSD previously traded inside a descending channel before breaking above resistance and shifting bullish. After the breakout, price formed a range below the 1.1570 Resistance Zone, where a recent fake breakout was rejected.
Currently, EURUSD is trading below the 1.1570 Resistance Zone while holding above the 1.1500 Support Zone. The rejection from resistance and descending triangle resistance suggest that sellers may regain control.
My Scenario & Strategy
As long as EURUSD remains below the 1.1570 Resistance Zone and respects the triangle resistance line, the bearish scenario remains valid. A rejection from current levels could push price toward the 1.1500 Support Zone (TP1).
However, a breakout above 1.1570 would weaken the bearish outlook and increase the risk of further upside.
That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.
Market Analysis
EURUSD previously traded inside a descending channel before breaking above resistance and shifting bullish. After the breakout, price formed a range below the 1.1570 Resistance Zone, where a recent fake breakout was rejected.
Currently, EURUSD is trading below the 1.1570 Resistance Zone while holding above the 1.1500 Support Zone. The rejection from resistance and descending triangle resistance suggest that sellers may regain control.
My Scenario & Strategy
As long as EURUSD remains below the 1.1570 Resistance Zone and respects the triangle resistance line, the bearish scenario remains valid. A rejection from current levels could push price toward the 1.1500 Support Zone (TP1).
However, a breakout above 1.1570 would weaken the bearish outlook and increase the risk of further upside.
That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.
การซื้อขายยังคงดำเนินอยู่
As long as the price holds the descending triangle resistance line, our scenario remains valid and we continue to watch!
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คำจำกัดสิทธิ์ความรับผิดชอบ
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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
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน