EUR/USD Bearish Reversal Setup Analysis 🧠💼
The chart presents a clear bearish outlook on EUR/USD, with well-defined resistance and support zones, along with a projected short-term price trajectory. Here's a professional breakdown:
🔍 Key Technical Highlights
🔵 Resistance Zone (~1.1400 - 1.1430)
Price recently tested this resistance area and formed multiple wicks, signaling strong seller presence.
A bullish liquidity grab is evident in the highlighted cyan box, suggesting a fake breakout before reversal.
🟡 Supply Zone / Order Block
The yellow box marks a previous consolidation area (potential order block), which was revisited and rejected — reinforcing bearish intent.
🔽 Current Price Action
Price is trading around 1.1378, having broken structure and failed to maintain momentum above the resistance.
Sharp rejections and bearish engulfing candles imply strong selling pressure.
🟢 Support Zone (~1.1230 - 1.1260)
This is a previous demand area where price rallied strongly.
The large blue projection box and arrow suggest a bearish continuation targeting this support region.
📉 Bias: Bearish
Structure: Lower highs forming after liquidity grab.
Price Action: Bearish engulfing after resistance rejection.
Market Sentiment: Sellers appear in control after failing bullish breakout attempt.
🎯 Trade Idea
Entry: After confirmed rejection from resistance (~1.1370–1.1385)
TP: Around 1.1240 (support zone)
SL: Above recent highs (~1.1420)
Risk/Reward: Favorable R:R as the setup targets a large swing down.
The chart presents a clear bearish outlook on EUR/USD, with well-defined resistance and support zones, along with a projected short-term price trajectory. Here's a professional breakdown:
🔍 Key Technical Highlights
🔵 Resistance Zone (~1.1400 - 1.1430)
Price recently tested this resistance area and formed multiple wicks, signaling strong seller presence.
A bullish liquidity grab is evident in the highlighted cyan box, suggesting a fake breakout before reversal.
🟡 Supply Zone / Order Block
The yellow box marks a previous consolidation area (potential order block), which was revisited and rejected — reinforcing bearish intent.
🔽 Current Price Action
Price is trading around 1.1378, having broken structure and failed to maintain momentum above the resistance.
Sharp rejections and bearish engulfing candles imply strong selling pressure.
🟢 Support Zone (~1.1230 - 1.1260)
This is a previous demand area where price rallied strongly.
The large blue projection box and arrow suggest a bearish continuation targeting this support region.
📉 Bias: Bearish
Structure: Lower highs forming after liquidity grab.
Price Action: Bearish engulfing after resistance rejection.
Market Sentiment: Sellers appear in control after failing bullish breakout attempt.
🎯 Trade Idea
Entry: After confirmed rejection from resistance (~1.1370–1.1385)
TP: Around 1.1240 (support zone)
SL: Above recent highs (~1.1420)
Risk/Reward: Favorable R:R as the setup targets a large swing down.
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JOIN MY TELEGRAM CHANNEL
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JOIN MY RECOMMENTED BROKER REFFREL LINK
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JOIN MY RECOMMENTED BROKER REFFREL LINK
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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.