EUR/USD Bearish Reversal Analysis 📉🧭
🔍 Technical Breakdown:
Trend Structure:
EUR/USD was trading inside an ascending channel, respecting both support and resistance trendlines.
🔴 Double Rejection at Resistance:
Price action faced strong rejection near the upper boundary of the channel and resistance zone (~1.16500), forming a lower high, suggesting bearish exhaustion.
🟠 Key Breakdown Zone:
A critical horizontal support around 1.13560 has been identified as a short-term target zone. This level previously acted as a demand zone and now may be retested.
🔽 Forecast Path:
A projected bearish wave is anticipated:
A potential pullback or consolidation may occur before resuming the downtrend.
Once 1.13560 is broken, price could drop further toward the major support zone around 1.12000, marked by the previous accumulation area.
🟦 Support Zone:
This final target aligns with a major structural support from late May, strengthening the bearish outlook if the breakdown continues.
📌 Conclusion:
EUR/USD is showing signs of a bearish reversal after failing to sustain above resistance. As long as it remains below the mid-channel region, further downside toward 1.12000 is likely, with 1.13560 as the key short-term level to watch.
🔍 Technical Breakdown:
Trend Structure:
EUR/USD was trading inside an ascending channel, respecting both support and resistance trendlines.
🔴 Double Rejection at Resistance:
Price action faced strong rejection near the upper boundary of the channel and resistance zone (~1.16500), forming a lower high, suggesting bearish exhaustion.
🟠 Key Breakdown Zone:
A critical horizontal support around 1.13560 has been identified as a short-term target zone. This level previously acted as a demand zone and now may be retested.
🔽 Forecast Path:
A projected bearish wave is anticipated:
A potential pullback or consolidation may occur before resuming the downtrend.
Once 1.13560 is broken, price could drop further toward the major support zone around 1.12000, marked by the previous accumulation area.
🟦 Support Zone:
This final target aligns with a major structural support from late May, strengthening the bearish outlook if the breakdown continues.
📌 Conclusion:
EUR/USD is showing signs of a bearish reversal after failing to sustain above resistance. As long as it remains below the mid-channel region, further downside toward 1.12000 is likely, with 1.13560 as the key short-term level to watch.
JOIN MY TELEGRAM CHANNEL
t.me/StellarMarketAnalysis
JOIN MY RECOMMENTED BROKER REFFREL LINK
⤵️one.exnesstrack.net/a/uvd1etcgg1
PARTNER CODE⤵️
uvd1etcgg1
t.me/StellarMarketAnalysis
JOIN MY RECOMMENTED BROKER REFFREL LINK
⤵️one.exnesstrack.net/a/uvd1etcgg1
PARTNER CODE⤵️
uvd1etcgg1
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.
JOIN MY TELEGRAM CHANNEL
t.me/StellarMarketAnalysis
JOIN MY RECOMMENTED BROKER REFFREL LINK
⤵️one.exnesstrack.net/a/uvd1etcgg1
PARTNER CODE⤵️
uvd1etcgg1
t.me/StellarMarketAnalysis
JOIN MY RECOMMENTED BROKER REFFREL LINK
⤵️one.exnesstrack.net/a/uvd1etcgg1
PARTNER CODE⤵️
uvd1etcgg1
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.