Euro / U.S. DollarShort
EURUSD| BEARISH BIAS PREVAILS UNLESS KEY RESISTANCE BREAKS
For today's session, a corrective movement is anticipated, with the price likely testing the 1.0350 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 1.0450 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 1.0261 and 1.0120 targets in focus.
Tendency Keys: 1.0450
Resistance Line 1.0350, 1.0450, 1.0527, 1.0608
Support Line: 1.0261, 1.0120, 1.0035
However, to invalidate the bearish scenario and confirm a bullish continuation, the price must successfully break above the 1.0450 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 1.0261 and 1.0120 targets in focus.
Tendency Keys: 1.0450
Resistance Line 1.0350, 1.0450, 1.0527, 1.0608
Support Line: 1.0261, 1.0120, 1.0035
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.