๐ EURUSD โ 1H Bearish Outlook | June 3, 2025
Current Price: 1.13882
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๐ป Market Structure:
EURUSD has broken the ascending trendline, confirming a bearish shift in momentum.
Price rejected from the monthly resistance zone near 1.14887 and is now forming a lower-high structure, indicating continued downside pressure.
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๐ Key Zones:
๐ฅ Resistance Zone: 1.14600 โ 1.15000 (Monthly Resistance)
๐ฉ Support Zone: 1.12781 โ 1.11474
๐ฏ Target Area: 1.11474 (Marked as final downside target on chart)
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๐ง Technical Analysis:
The market is creating lower highs and lower lows, suggesting a bearish trend.
Price is currently sitting below the broken trendline and heading toward the support zone.
The pattern suggests a continuation setup โ further downside is likely as long as the price stays below 1.15500
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โ Trade Plan:
Targets:
* TP1: 1.12781
* TP2: 1.1200
* TP3: 1.11474
---
โ ๏ธ Note:
Keep an eye on price action near 1.12781 for a potential bounce or continuation.
Volume and market sentiment will be key near the support zone.
Current Price: 1.13882
---
๐ป Market Structure:
EURUSD has broken the ascending trendline, confirming a bearish shift in momentum.
Price rejected from the monthly resistance zone near 1.14887 and is now forming a lower-high structure, indicating continued downside pressure.
---
๐ Key Zones:
๐ฅ Resistance Zone: 1.14600 โ 1.15000 (Monthly Resistance)
๐ฉ Support Zone: 1.12781 โ 1.11474
๐ฏ Target Area: 1.11474 (Marked as final downside target on chart)
---
๐ง Technical Analysis:
The market is creating lower highs and lower lows, suggesting a bearish trend.
Price is currently sitting below the broken trendline and heading toward the support zone.
The pattern suggests a continuation setup โ further downside is likely as long as the price stays below 1.15500
---
โ Trade Plan:
Targets:
* TP1: 1.12781
* TP2: 1.1200
* TP3: 1.11474
---
โ ๏ธ Note:
Keep an eye on price action near 1.12781 for a potential bounce or continuation.
Volume and market sentiment will be key near the support zone.
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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.
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t.me/+XJFIyQXH1yVlNWI0
t.me/+XJFIyQXH1yVlNWI0
t.me/+XJFIyQXH1yVlNWI0
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.