EUR/USD Breakdown Watch – Is the Rally Losing Steam?
The Euro has been on a solid uptrend, but we’re now seeing signs of a potential shift in momentum Price rejected the 1.157 resistance zone and is slipping below the short-term trading range — a move that could open the door for a deeper correction
Key Zones to Watch
Resistance: 1.1483 – 1.157
First support: 1.1338
Break below could target: 1.1249 and 1.1135
Technical Insight
The breakdown from the range is a bearish signal If sellers hold control we may see EUR/USD drift down toward the next major support zone
Possible Scenarios
Bearish Continuation lower with support zone tests
Bullish Only if price reclaims the upper resistance and consolidates above
The Euro has been on a solid uptrend, but we’re now seeing signs of a potential shift in momentum Price rejected the 1.157 resistance zone and is slipping below the short-term trading range — a move that could open the door for a deeper correction
Key Zones to Watch
Resistance: 1.1483 – 1.157
First support: 1.1338
Break below could target: 1.1249 and 1.1135
Technical Insight
The breakdown from the range is a bearish signal If sellers hold control we may see EUR/USD drift down toward the next major support zone
Possible Scenarios
Bearish Continuation lower with support zone tests
Bullish Only if price reclaims the upper resistance and consolidates above
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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.
🚀 Tap to join – no copy needed!
Get FREE Forex signals with a 1:3 to 1:5 Risk-Reward Ratio
Trade smarter with Linford 🤴
👇 join telegram channels now
#1: t.me/Trendlinford
Get FREE Forex signals with a 1:3 to 1:5 Risk-Reward Ratio
Trade smarter with Linford 🤴
👇 join telegram channels now
#1: t.me/Trendlinford
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.