Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in commentsđź‘Š
The market structure shifted after a breakout from a prior triangle pattern pushed the price higher.
This rally met resistance, and a new bearish trend emerged, creating a distinct falling channel.
The asset made several rotations inside this channel, with the most recent upswing failing at the $1.1720 resistance zone.
That failure to break higher initiated the current strong bearish impulse driving the price down.
Euro is now approaching a critical area of demand, the horizontal support zone near $1.1455.
I expect that buyers will defend the $1.1455 support level, causing a reversal that will carry the price towards the $1.1650 target.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
The market structure shifted after a breakout from a prior triangle pattern pushed the price higher.
This rally met resistance, and a new bearish trend emerged, creating a distinct falling channel.
The asset made several rotations inside this channel, with the most recent upswing failing at the $1.1720 resistance zone.
That failure to break higher initiated the current strong bearish impulse driving the price down.
Euro is now approaching a critical area of demand, the horizontal support zone near $1.1455.
I expect that buyers will defend the $1.1455 support level, causing a reversal that will carry the price towards the $1.1650 target.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Trade closed manually
Price broke support level and continue to fall.
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🔶 Free telegram channel👉 bit.ly/4fKXOY0
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 bit.ly/4ibtiIs
đź’Ž ThinkMarkets Ambassador Join & explore bit.ly/4j6sALJ
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 bit.ly/4ibtiIs
đź’Ž ThinkMarkets Ambassador Join & explore bit.ly/4j6sALJ
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.