EURUSD has been in a Range Bound recently. It touched and reject from 1.0528 major resistance today.
A peak is formed in daily chart at 1.05285 on 02/26/2025, so more losses to support(s) 1.03570, 1.02920 and minimum to Major Support (1.01779) is expected.
đź’ˇFour-hour Timeframe:
The uptrend is broken, and price is in an impulse wave.
The bearish wave is expected to continue as long as the price is below the strong resistance at 1.0528
A strong bearish divergence has also formed in the RSI.
đź’ˇOne-hour Timeframe: 1.0457 support is broken now. It will act as a Resistance now!
Forecast:
1- Correction wave toward the Sell Zone
2- Another Downward Impulse wave toward Lower TPs
SL: Above 1.0528
__________________________________________________________________ ❤️ If you find this helpful and want more FREE forecasts in TradingView,
. . . . . . . . Hit the 'BOOST' button đź‘Ť . . . . . . . . . . . Drop some feedback in the comments below! (e.g., What did you find most useful? How can we improve?)
🙏 Your support is appreciated!
Now, it's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast.
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.
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.