The bullish structure in EUR/USD has broken down after a clean rejection from the top of the ascending channel. The price has now completed a retest of the broken trendline and is showing strong rejection with a bearish engulfing candle.
Price action is now pushing below the 200 EMA, confirming a potential shift in momentum from bullish to bearish. This breakdown is supported by previous Break of Structure (BOS) events and an overall loss of higher lows.
🔻 Bearish Targets:
First target: 1.14555 – Previous structural support
Second target: 1.12349 – Clear horizontal demand zone
Extended target: 1.10811 – Strong historical support zone
If momentum continues, we may see these zones tested in the coming days. A minor consolidation could occur before continuation — watch for lower timeframe confirmations.
🧠 Bias: Bearish
📍 Confirmation: Trendline break + 200 EMA breakdown + bearish candle formation
🚨 This is not financial advice. Always manage risk appropriately.
💬 Share your thoughts below and follow for consistent Smart Money-based market updates.
📊 #EURUSD #Forex #SmartMoneyConcepts #Breakdown #BearishOutlook
Price action is now pushing below the 200 EMA, confirming a potential shift in momentum from bullish to bearish. This breakdown is supported by previous Break of Structure (BOS) events and an overall loss of higher lows.
🔻 Bearish Targets:
First target: 1.14555 – Previous structural support
Second target: 1.12349 – Clear horizontal demand zone
Extended target: 1.10811 – Strong historical support zone
If momentum continues, we may see these zones tested in the coming days. A minor consolidation could occur before continuation — watch for lower timeframe confirmations.
🧠 Bias: Bearish
📍 Confirmation: Trendline break + 200 EMA breakdown + bearish candle formation
🚨 This is not financial advice. Always manage risk appropriately.
💬 Share your thoughts below and follow for consistent Smart Money-based market updates.
📊 #EURUSD #Forex #SmartMoneyConcepts #Breakdown #BearishOutlook
Trade active
EUR/USD Market Update:
As anticipated, the market has retraced back to the supply zone and has now formed a bearish candlestick pattern, signaling potential downside movement. This setup aligns with our previous analysis.
📉 Bias: Bearish
🔻 Expectation: Continuation of the move down towards our target zone.
Stay alert for confirmation and manage your risk accordingly.
💲𝗙𝗢𝗥𝗘𝗫 < 𝗚𝗢𝗟𝗗 > ₿ 𝗕𝗧𝗖 || Real Trades, Real Results 🧿 || 🚨 VIP Signals {My Personal Entries} 🔗Join Telegram – Trade smarter. t.me/DollarsMagnet1
Premium Channel For Gold Trading.
t.me/iTradeDollar
Premium Channel For Gold Trading.
t.me/iTradeDollar
Related publications
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.
💲𝗙𝗢𝗥𝗘𝗫 < 𝗚𝗢𝗟𝗗 > ₿ 𝗕𝗧𝗖 || Real Trades, Real Results 🧿 || 🚨 VIP Signals {My Personal Entries} 🔗Join Telegram – Trade smarter. t.me/DollarsMagnet1
Premium Channel For Gold Trading.
t.me/iTradeDollar
Premium Channel For Gold Trading.
t.me/iTradeDollar
Related publications
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.