Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in commentsđź‘Š
Price first broke out of a falling wedge pattern, kicking off a sharp rally that gained serious momentum.
The move ran into resistance at $1.1440, where price began stalling and transitioned into a triangle setup.
Since then, price has been wedged inside the triangle, testing highs but struggling to break convincingly.
The support trendline still holds, but each push upward is met with rejection near the resistance ceiling.
Momentum is fading, and with volume drying up, a downside move is becoming more likely from this zone.
I expect that the Euro can break lower from the triangle and fall to $1.1200 points in the upcoming sessions.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Price first broke out of a falling wedge pattern, kicking off a sharp rally that gained serious momentum.
The move ran into resistance at $1.1440, where price began stalling and transitioned into a triangle setup.
Since then, price has been wedged inside the triangle, testing highs but struggling to break convincingly.
The support trendline still holds, but each push upward is met with rejection near the resistance ceiling.
Momentum is fading, and with volume drying up, a downside move is becoming more likely from this zone.
I expect that the Euro can break lower from the triangle and fall to $1.1200 points in the upcoming sessions.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 bit.ly/4ibtiIs
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.
đź’Ž We are provide daily Crypto and Forex (include Gold) signals.
🔶 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
🔶 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
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.