Hi traders! , Analyzing EUR/USD on the 30 minute timeframe, price is currently reacting from a strong support zone near 1.1696, showing potential for a bullish rebound after a sharp drop.
🔹 Entry: 1.1696
🔹 Take Profit (TP): 1.1770
🔹 Stop Loss (SL): 1.1621
After a strong downside move, EUR/USD is attempting a recovery from a key intraday support area. The RSI is bouncing from oversold conditions (around 34), indicating a possible short-term shift in momentum.
Price is also approaching the 200 EMA from below, and a break above could confirm bullish continuation toward the 1.1770 resistance zone. The setup offers a solid risk-reward ratio and aligns with mean reversion expectations.
⚠️ DISCLAIMER: This is not financial advice. Every trader is responsible for their own decisions and risk management.
🔹 Entry: 1.1696
🔹 Take Profit (TP): 1.1770
🔹 Stop Loss (SL): 1.1621
After a strong downside move, EUR/USD is attempting a recovery from a key intraday support area. The RSI is bouncing from oversold conditions (around 34), indicating a possible short-term shift in momentum.
Price is also approaching the 200 EMA from below, and a break above could confirm bullish continuation toward the 1.1770 resistance zone. The setup offers a solid risk-reward ratio and aligns with mean reversion expectations.
⚠️ DISCLAIMER: This is not financial advice. Every trader is responsible for their own decisions and risk management.
Trade closed: target reached
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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.
🔥 Top indicators I personally use 👇
tinyurl.com/3dh9em7m
tinyurl.com/3dh9em7m
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.