**Chart Overview:**
* **Pair:** EUR/USD
* **Timeframe:** 30-minute
* **Trend:** Bearish (Confirmed by lower highs, lower lows, and downward-sloping trendline)
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🔍 **Technical Analysis
:**
**1. Downtrend Structure**
* Price is consistently making **lower highs and lower lows**, confirming a **strong downtrend**.
* A clear **descending trendline** is respected multiple times as resistance.
**2. EMAs (7, 21, 50)**
* All EMAs (blue, purple, black) are sloping downward.
* Price is trading **below all EMAs**, signaling continued bearish momentum.
* EMA 50 (\~1.1716) acts as a **dynamic resistance** zone.
**3. Key Resistance Zones (Marked as R1 & R2)**
* **R1 Zone (\~1.1710–1.1720):** Previous support now turned resistance. Could see rejection here.
**R2 Zone (\~1.1730+):** Higher resistance, possibly tested if R1 breaks. Also aligns with EMA confluence.
**4. Volume Analysis**
* Volume shows **spikes on bearish candles**, which suggests **strong selling interest** at lower highs.
* No significant bullish volume breakout so far.
📈 **Price Projection Path (Red Arrows)**
* The red path illustrates a **bearish price projection**:
* Price may pull back into **R1 or R2**
* Likely to face **resistance & rejection** from those levels
* Expected to make **lower highs and resume downside movement**
* Potential drop toward **1.1670, 1.1650, and lower**
🟢 **Bullish Invalidator**
* If price **breaks and holds above R2 (\~1.1735+)** with volume, it may indicate a **trend reversal or bullish correction**.
---
**Summary:**
* **Bias:** Bearish
* **Resistance Zones to Watch:**
* R1: 1.1710–1.1720
* R2: 1.1730–1.1740
* **Targets on Downside:**
* 1.1670
* 1.1650 or lower
* **Confirmation Needed:** Bearish rejection candles or failure to break R1/R2
* **Pair:** EUR/USD
* **Timeframe:** 30-minute
* **Trend:** Bearish (Confirmed by lower highs, lower lows, and downward-sloping trendline)
---
🔍 **Technical Analysis
**1. Downtrend Structure**
* Price is consistently making **lower highs and lower lows**, confirming a **strong downtrend**.
* A clear **descending trendline** is respected multiple times as resistance.
**2. EMAs (7, 21, 50)**
* All EMAs (blue, purple, black) are sloping downward.
* Price is trading **below all EMAs**, signaling continued bearish momentum.
* EMA 50 (\~1.1716) acts as a **dynamic resistance** zone.
**3. Key Resistance Zones (Marked as R1 & R2)**
* **R1 Zone (\~1.1710–1.1720):** Previous support now turned resistance. Could see rejection here.
**R2 Zone (\~1.1730+):** Higher resistance, possibly tested if R1 breaks. Also aligns with EMA confluence.
**4. Volume Analysis**
* Volume shows **spikes on bearish candles**, which suggests **strong selling interest** at lower highs.
* No significant bullish volume breakout so far.
📈 **Price Projection Path (Red Arrows)**
* The red path illustrates a **bearish price projection**:
* Price may pull back into **R1 or R2**
* Likely to face **resistance & rejection** from those levels
* Expected to make **lower highs and resume downside movement**
* Potential drop toward **1.1670, 1.1650, and lower**
🟢 **Bullish Invalidator**
* If price **breaks and holds above R2 (\~1.1735+)** with volume, it may indicate a **trend reversal or bullish correction**.
---
**Summary:**
* **Bias:** Bearish
* **Resistance Zones to Watch:**
* R1: 1.1710–1.1720
* R2: 1.1730–1.1740
* **Targets on Downside:**
* 1.1670
* 1.1650 or lower
* **Confirmation Needed:** Bearish rejection candles or failure to break R1/R2
Trade active
EUR/USD dropped to 1.1660, hitting the bearish target after a retest of resistance and confirming downside momentum. The rejection from higher levels validated the sell setup.Trade closed: target reached
trade closed
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.
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.