Hey traders!
Here’s my detailed analysis of EUR/USD on the 1D chart. I’ve broken down the full move from the major bearish drop (2021–2022) to the recovery and possible bullish setup forming now.
Key observations:
Left side (Red Zone): Heavy bearish pressure leading into a deep downtrend.
Middle zone (Green Box): Strong recovery move indicating potential reversal interest.
Right side (Blue Pattern): Market structure forming a large bullish reversal pattern — possibly an inverse head & shoulders.
Current zone: Price bounced off the 1.02193 support and is pushing upward. Watching for a break above 1.13000 for continuation.
This is a long-term outlook but still valid for mid-term swing setups. Keep an eye on market structure, support levels, and potential rejection zones.
Let me know your thoughts in the comments!
Here’s my detailed analysis of EUR/USD on the 1D chart. I’ve broken down the full move from the major bearish drop (2021–2022) to the recovery and possible bullish setup forming now.
Key observations:
Left side (Red Zone): Heavy bearish pressure leading into a deep downtrend.
Middle zone (Green Box): Strong recovery move indicating potential reversal interest.
Right side (Blue Pattern): Market structure forming a large bullish reversal pattern — possibly an inverse head & shoulders.
Current zone: Price bounced off the 1.02193 support and is pushing upward. Watching for a break above 1.13000 for continuation.
This is a long-term outlook but still valid for mid-term swing setups. Keep an eye on market structure, support levels, and potential rejection zones.
Let me know your thoughts in the comments!
Trade active
Update (08 May 2025):Price is respecting the structure well. Bulls are defending the 1.02 support. Break and hold above 1.13 could trigger further bullish momentum. Stay patient and trade with confirmation.
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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.
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.