Euro / U.S. DollarShort
EURUSD/ BEARISH MOVE
The price has reversed from the 1.0527 resistance level, declining below 1.0450, which now acts as a key resistance. As long as the price remains below this level, the bearish trend is expected to remain active, potentially driving the market towards the 1.0350 support level.
For today's session, a corrective movement is anticipated, with the price likely testing the 1.0450 resistance and possibly exceeding it briefly before resuming its downward trajectory. This correction could be part of a liquidity grab before the next bearish impulse.
However, to invalidate the bearish scenario and confirm a bullish continuation, the price must successfully break above the 1.0527 resistance level and sustain a 4-hour candle close above it. Such a breakout would indicate stronger bullish momentum, potentially leading to further upward movement.
Until a decisive break occurs, the market structure favors bearish pressure, with the 1.0350 target in focus.
Tendency Keys: 1.0450
Resistance Line 1.0450, 1.0527, 1.0608
Support Line: 1.0350, 1.0261, 1.0120
For today's session, a corrective movement is anticipated, with the price likely testing the 1.0450 resistance and possibly exceeding it briefly before resuming its downward trajectory. This correction could be part of a liquidity grab before the next bearish impulse.
However, to invalidate the bearish scenario and confirm a bullish continuation, the price must successfully break above the 1.0527 resistance level and sustain a 4-hour candle close above it. Such a breakout would indicate stronger bullish momentum, potentially leading to further upward movement.
Until a decisive break occurs, the market structure favors bearish pressure, with the 1.0350 target in focus.
Tendency Keys: 1.0450
Resistance Line 1.0450, 1.0527, 1.0608
Support Line: 1.0350, 1.0261, 1.0120
about 4 Analysis per day.
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
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With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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.
about 4 Analysis per day.
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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.