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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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.