EURUSD: Struggling at 1.0500, bearish risk ahead!
Dear Traders!
Recently, EUR/USD has struggled to hold above the 1.0500 level. The pair’s upside momentum is influenced by the euro's support from rising hopes of a potential peace agreement for Ukraine.
On the 1-hour chart, while the uptrend remains intact and the parallel channel breakout has occurred, signs of a potential top are emerging around the key 1.0500 resistance. The immediate support is at 1.0465—if broken, EUR/USD could decline further toward 1.0400 or even lower, aiming to fill the gap and test the monthly low at 1.0358.
Watch for confirmation of a bearish break!
Recently, EUR/USD has struggled to hold above the 1.0500 level. The pair’s upside momentum is influenced by the euro's support from rising hopes of a potential peace agreement for Ukraine.
On the 1-hour chart, while the uptrend remains intact and the parallel channel breakout has occurred, signs of a potential top are emerging around the key 1.0500 resistance. The immediate support is at 1.0465—if broken, EUR/USD could decline further toward 1.0400 or even lower, aiming to fill the gap and test the monthly low at 1.0358.
Watch for confirmation of a bearish break!
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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.
🌟 Recevez des signaux de trading continus et un support gratuit !
🌟 Restez informé avec des analyses quotidiennes !
🌟 Rejoignez-nous pour des offres spéciales !
Cliquez ici : t.me/+xT2uUeadoeo1YTRl
🌟 Restez informé avec des analyses quotidiennes !
🌟 Rejoignez-nous pour des offres spéciales !
Cliquez ici : t.me/+xT2uUeadoeo1YTRl
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.