EUR/USD Technical Outlook – 4H Timeframe
EUR/USD remains within a broader bearish trend on the 4-hour chart, with recent price action showing signs of consolidation just above the key 1.12200 support level. After a bounce from this zone, the pair attempted a mild recovery but is now facing strong resistance around the 1.12700 area.
Current Market Structure:
Support: 1.12200
Resistance: 1.12700 – Price struggles to break above this level, suggesting bearish pressure remains intact.
Traders if you like this idea or if you have own opinion about it write in the comments I will be Glad.
EUR/USD remains within a broader bearish trend on the 4-hour chart, with recent price action showing signs of consolidation just above the key 1.12200 support level. After a bounce from this zone, the pair attempted a mild recovery but is now facing strong resistance around the 1.12700 area.
Current Market Structure:
Support: 1.12200
Resistance: 1.12700 – Price struggles to break above this level, suggesting bearish pressure remains intact.
Traders if you like this idea or if you have own opinion about it write in the comments I will be Glad.
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✅My Free Signals
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✅Join my Telegram Channel
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t.me/+z0Nor_UdLmM2MTY0
✅Join my Telegram Channel
t.me/KB_Trading_Class
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.