📉 EUR/USD 4H Analysis Update
🔍 Price has broken the rising channel 📊 and is now showing signs of a potential reversal.
⚠️ Resistance Zone: 1.17126 - 1.17558
📌 Current Price: 1.17082
🟩 Possible Sell Setup forming below resistance, with a clean rejection pattern forming.
📉 Bearish Expectation:
If price stays below 1.17126, a drop towards the 1.15771 support area is expected.
📉 Target Zone: 1.15700 – 1.16000
📈 Invalid above: 1.17558 (SL zone)
🧠 Trader's Note:
Wait for confirmation candle or retest below structure support before entry.
💼 News events ahead (💵🇪🇺) may bring volatility — manage risk wisely.
🔍 Price has broken the rising channel 📊 and is now showing signs of a potential reversal.
⚠️ Resistance Zone: 1.17126 - 1.17558
📌 Current Price: 1.17082
🟩 Possible Sell Setup forming below resistance, with a clean rejection pattern forming.
📉 Bearish Expectation:
If price stays below 1.17126, a drop towards the 1.15771 support area is expected.
📉 Target Zone: 1.15700 – 1.16000
📈 Invalid above: 1.17558 (SL zone)
🧠 Trader's Note:
Wait for confirmation candle or retest below structure support before entry.
💼 News events ahead (💵🇪🇺) may bring volatility — manage risk wisely.
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.
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.