EURUSD has formed a clear bearish flag pattern on the 2H timeframe after a strong bearish impulse. Price is currently respecting the descending trendline (red) and showing rejection near the upper boundary.
Break below the flag support can potentially drive price towards the 1.07000 level, and further down to the major support at 1.06320.
Watch for bearish confirmation before entering.
Key Levels:
Resistance: 1.10000
Support 1: 1.07000
Support 2: 1.06320
Bias: Bearish
Timeframe: 2H
Note: Always use proper risk management and wait for a breakout confirmation.
Break below the flag support can potentially drive price towards the 1.07000 level, and further down to the major support at 1.06320.
Watch for bearish confirmation before entering.
Key Levels:
Resistance: 1.10000
Support 1: 1.07000
Support 2: 1.06320
Bias: Bearish
Timeframe: 2H
Note: Always use proper risk management and wait for a breakout confirmation.
Full-time Signal Provider | Trusted Analysis | Join my Telegram for real-time trades & smart entries. Your trading journey starts here!👇👇
t.me/+5zNCOGZ_6fBmMWQ0
t.me/+5zNCOGZ_6fBmMWQ0
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.
Full-time Signal Provider | Trusted Analysis | Join my Telegram for real-time trades & smart entries. Your trading journey starts here!👇👇
t.me/+5zNCOGZ_6fBmMWQ0
t.me/+5zNCOGZ_6fBmMWQ0
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.