🔹EUR/USD Technical Analysis (4H Chart)
▪️EUR/USD is currently facing resistance near the 1.13700–1.14000 zone, where price has been rejected multiple times in the past. The pair recently broke below its upward trendline, signaling weakening bullish momentum.
▪️Price is now testing a minor resistance/entry zone, presenting a potential short opportunity. If the rejection holds, EUR/USD may continue its decline toward the target area around 1.11000, aligning with previous demand and structural support.
🔹Key Levels:
* Resistance Zone: 1.13700-1.14000
* Entry Area: 1.13400-1.13700
* Bearish Target Zone: 1.11000
▪️Current bias is bearish, supported by trendline breakdown and repeated resistance rejections. Confirmation with volume and bearish price action is advised before entry.
🔹Community Insight:
If you find this analysis helpful in your trading journey, feel free to share your thoughts or questions in the comments. Let’s work together to maintain a disciplined, technical approach to the markets.
▪️Follow for regular updates and trade setups.
▪️EUR/USD is currently facing resistance near the 1.13700–1.14000 zone, where price has been rejected multiple times in the past. The pair recently broke below its upward trendline, signaling weakening bullish momentum.
▪️Price is now testing a minor resistance/entry zone, presenting a potential short opportunity. If the rejection holds, EUR/USD may continue its decline toward the target area around 1.11000, aligning with previous demand and structural support.
🔹Key Levels:
* Resistance Zone: 1.13700-1.14000
* Entry Area: 1.13400-1.13700
* Bearish Target Zone: 1.11000
▪️Current bias is bearish, supported by trendline breakdown and repeated resistance rejections. Confirmation with volume and bearish price action is advised before entry.
🔹Community Insight:
If you find this analysis helpful in your trading journey, feel free to share your thoughts or questions in the comments. Let’s work together to maintain a disciplined, technical approach to the markets.
▪️Follow for regular updates and trade setups.
Trade active
Note
Price is getting rejection from resistance level , let's hold this trade setup. Note
trade running 60 pips+Note
150 pips achieved from resistance level Trade closed manually
with 200 pips+, or in good pips.
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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.
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.