Euro / U.S. Dollar
Short
Updated

EURUSD – Watch for Short-Term Reversal at Key Resistance

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Hello everyone! What’s your take on EURUSD?

EURUSD is clearly in a strong uptrend, but we should also keep an eye on potential short-term selling opportunities.

I’ve placed an entry near the psychological resistance at 1.175, waiting for signs of a reversal. If strong selling pressure emerges at this zone, EURUSD could pull back with two clear targets: TP1 around 1.1650 and TP2 near the 1.1590 support, an area of previous high-volume accumulation.

Confirmation would come from a bearish reversal candlestick at resistance, ideally with increasing volume. This could be a great opportunity for those waiting for a healthy correction before the uptrend resumes.

What’s your outlook on this pair?
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