Euro / U.S. DollarShort
EURUSD / Bearish Momentum with Key Levels and Trend Outlook
Updated
EUR/USD Analysis
The price exhibits bearish momentum, as it has already broken below the pivot line at 1.0367 and closed the weekly candle beneath it. This confirms a downward bias in the near term.
In the short term, the price may retest the area around 1.0345 or 1.0367 before continuing its drop.
If bearish momentum persists, the price is expected to decline further to test 1.0226 and potentially 1.0155.
To transition into a bullish structure, the price must break and sustain above 1.0367 by closing a 4-hour candle above this level. If this occurs, the price could target 1.0437.
Key Levels
Pivot Line: 1.0288
Resistance Levels: 1.0360, 1.0436, 1.0470
Support Levels: 1.0227, 1.0155, 1.0110
Trend Outlook
Consolidation: Between 1.0288 and 1.0346
Bearish Trend: Below 1.0288
Bullish Trend: Above 1.0367
previous idea:
The price exhibits bearish momentum, as it has already broken below the pivot line at 1.0367 and closed the weekly candle beneath it. This confirms a downward bias in the near term.
In the short term, the price may retest the area around 1.0345 or 1.0367 before continuing its drop.
If bearish momentum persists, the price is expected to decline further to test 1.0226 and potentially 1.0155.
To transition into a bullish structure, the price must break and sustain above 1.0367 by closing a 4-hour candle above this level. If this occurs, the price could target 1.0437.
Key Levels
Pivot Line: 1.0288
Resistance Levels: 1.0360, 1.0436, 1.0470
Support Levels: 1.0227, 1.0155, 1.0110
Trend Outlook
Consolidation: Between 1.0288 and 1.0346
Bearish Trend: Below 1.0288
Bullish Trend: Above 1.0367
previous idea:
Trade active
EUR/USD Live Update
The price retested the resistance and dropped as anticipated, with a movement of approximately 170 pip.
Currently, the price is consolidating between 1.0226 and 1.0288, awaiting a breakout.
A break below 1.0226 would signal a drop toward 1.0155.
Stay tuned for further updates as the market develops.
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