EUR vs USD — Technical Outlook
Price is currently respecting the upper boundary of the ascending channel.
Multiple rejections from the resistance zone indicate exhaustion in bullish momentum.
Bearish structure may form if price fails to break above 1.16830.
The previous price action shows significant supply at this level.
RSI divergence also supports a potential reversal scenario.
We are now watching for a clean rejection from the marked zone.
Break of short-term support will confirm bearish continuation.
Targeting the lower bound of the channel near 1.15580.
Patience is key — let price confirm before execution.
⸻
📉 Signal - EUR/USD Short Idea
Entry: 1.16450
Stop Loss: 1.16830
Take Profit: 1.15580
For more confirmation hit following AgentOfForex
Price is currently respecting the upper boundary of the ascending channel.
Multiple rejections from the resistance zone indicate exhaustion in bullish momentum.
Bearish structure may form if price fails to break above 1.16830.
The previous price action shows significant supply at this level.
RSI divergence also supports a potential reversal scenario.
We are now watching for a clean rejection from the marked zone.
Break of short-term support will confirm bearish continuation.
Targeting the lower bound of the channel near 1.15580.
Patience is key — let price confirm before execution.
⸻
📉 Signal - EUR/USD Short Idea
Entry: 1.16450
Stop Loss: 1.16830
Take Profit: 1.15580
For more confirmation hit following AgentOfForex
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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.
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.