SMC trading point update
Technical analysis 1-hour EUR/USD (Euro vs US Dollar) chart using Smart Money Concepts (SMC) and technical confluence. Here's the idea behind the analysis:
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1. Bearish Rejection Setup
Strong resistance zone around 1.12176–1.12500 has been tested multiple times and held.
Bearish rejection is shown with a black circle indicating a breakdown from previous support turned resistance (support flip).
Price failed to stay above the key structure, indicating bearish intent.
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2. Break of Structure
The support level near 1.11600 has been broken, marked by the black circle.
This is a clear change in structure, implying a likely shift from bullish to bearish.
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3. Price Action Forecast
The chart expects a minor pullback (retest) into the broken support zone (now resistance).
Followed by a continuation move to the downside, targeting the support level at 1.10668.
Projection shows a ~100 pip drop from current levels.
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4. EMA & RSI
EMA 200 is trending downward and acting as dynamic resistance.
RSI (14) is under 50 and sloping down, suggesting bearish momentum is building.
Mr SMC Trading point
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Conclusion
This is a bearish continuation setup based on structure break, failed bullish momentum, and confirmation via indicators. The analyst expects EUR/USD to reject the 1.116 area again and drop toward the 1.10668 target.
Pelas support boost 🚀 analysis follow)
Technical analysis 1-hour EUR/USD (Euro vs US Dollar) chart using Smart Money Concepts (SMC) and technical confluence. Here's the idea behind the analysis:
---
1. Bearish Rejection Setup
Strong resistance zone around 1.12176–1.12500 has been tested multiple times and held.
Bearish rejection is shown with a black circle indicating a breakdown from previous support turned resistance (support flip).
Price failed to stay above the key structure, indicating bearish intent.
---
2. Break of Structure
The support level near 1.11600 has been broken, marked by the black circle.
This is a clear change in structure, implying a likely shift from bullish to bearish.
---
3. Price Action Forecast
The chart expects a minor pullback (retest) into the broken support zone (now resistance).
Followed by a continuation move to the downside, targeting the support level at 1.10668.
Projection shows a ~100 pip drop from current levels.
---
4. EMA & RSI
EMA 200 is trending downward and acting as dynamic resistance.
RSI (14) is under 50 and sloping down, suggesting bearish momentum is building.
Mr SMC Trading point
---
Conclusion
This is a bearish continuation setup based on structure break, failed bullish momentum, and confirmation via indicators. The analyst expects EUR/USD to reject the 1.116 area again and drop toward the 1.10668 target.
Pelas support boost 🚀 analysis follow)
Trade closed: stop 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.
(Services:✔️ JOIN Telegram channel
t.me/SMCTrading_point
Gold trading signals 🚀 99%
t.me/SMCTrading_point
Join my recommended broker , link 👇
World best broker exness ✅D
one.exnesstrack.org/a/l1t1rf3p6v
t.me/SMCTrading_point
Gold trading signals 🚀 99%
t.me/SMCTrading_point
Join my recommended broker , link 👇
World best broker exness ✅D
one.exnesstrack.org/a/l1t1rf3p6v
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.