📉 EUR/USD 1H Chart Analysis
Trend: The chart is showing a clear bearish trend inside a descending channel (support & rejection lines). Price continues to respect this downward structure.
Resistance Zone: A strong supply/resistance area is marked at 1.16148 – 1.16307 (highlighted in pink). Sellers are likely to defend this zone.
Indicators:
Price is trading below the 70 EMA and 200 EMA, confirming bearish momentum.
EMA crossover suggests continued downward pressure.
Price Action: Recently, a small pullback (yellow highlight) is visible after touching the lower boundary of the channel, indicating a short-term retracement before another bearish push.
Strategy:
📍 Entry: Look for short entries near the resistance zone (1.16148 – 1.16307).
⛔ Stop Loss: Above 1.16456 (previous high / EMA resistance).
🎯 Target: First target 1.15392, aligning with the projected channel support and marked demand area.
✅ Summary:
EUR/USD remains bearish as long as price stays below the EMAs and inside the descending channel. Expect rejection from the resistance zone and continuation to the downside toward 1.15392.
Trend: The chart is showing a clear bearish trend inside a descending channel (support & rejection lines). Price continues to respect this downward structure.
Resistance Zone: A strong supply/resistance area is marked at 1.16148 – 1.16307 (highlighted in pink). Sellers are likely to defend this zone.
Indicators:
Price is trading below the 70 EMA and 200 EMA, confirming bearish momentum.
EMA crossover suggests continued downward pressure.
Price Action: Recently, a small pullback (yellow highlight) is visible after touching the lower boundary of the channel, indicating a short-term retracement before another bearish push.
Strategy:
📍 Entry: Look for short entries near the resistance zone (1.16148 – 1.16307).
⛔ Stop Loss: Above 1.16456 (previous high / EMA resistance).
🎯 Target: First target 1.15392, aligning with the projected channel support and marked demand area.
✅ Summary:
EUR/USD remains bearish as long as price stays below the EMAs and inside the descending channel. Expect rejection from the resistance zone and continuation to the downside toward 1.15392.
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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.
YOUR GROWTH IS MY PRIORITY
JOIN MY TELEGRAM CHANNEL LINK BELOW
t.me/JacKyGoldtraDer786
JOIN MY REFERALL BROKER IB BELOW
one.exnesstrack.org/a/g565sj1uo7?source=app
JOIN MY TELEGRAM CHANNEL LINK BELOW
t.me/JacKyGoldtraDer786
JOIN MY REFERALL BROKER IB BELOW
one.exnesstrack.org/a/g565sj1uo7?source=app
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.