EURUSD has broken the ascending trendline and dropped below the EMA confluence, confirming a bearish structure. The current rebound is testing the 0.5–0.618 Fibonacci zone, but weak buying pressure and rejection candles suggest it’s likely just a technical pullback.
If momentum holds, the pair may resume its downtrend toward 1.1400 and potentially 1.1296. The bears remain in control unless strong fundamentals shift the balance.
If momentum holds, the pair may resume its downtrend toward 1.1400 and potentially 1.1296. The bears remain in control unless strong fundamentals shift the balance.
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✅ Suitable for both beginners and experienced traders
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.