The Euro/US Dollar (EUR/USD) currency pair is showing a potential bearish reversal setup on the 4-hour timeframe.
The current price is around 1.14192, and after testing the resistance zone near 1.15259, the market is showing signs of weakness.
Analysis:
Price may retest the 1.15259 resistance zone.
A rejection from that zone could trigger a bearish move.
Take Profit 1 (TP1): 1.12275
Take Profit 2 (TP2): 1.09943
Take Profit 3 (TP3): 1.07564
Note:
Wait for confirmation before entering any trade.
Always apply proper risk management.
This setup is shared for educational purposes only. Please conduct your own analysis before trading.
#Forex #EURUSD #TechnicalAnalysis #TradingView #PriceAction
The current price is around 1.14192, and after testing the resistance zone near 1.15259, the market is showing signs of weakness.
Analysis:
Price may retest the 1.15259 resistance zone.
A rejection from that zone could trigger a bearish move.
Take Profit 1 (TP1): 1.12275
Take Profit 2 (TP2): 1.09943
Take Profit 3 (TP3): 1.07564
Note:
Wait for confirmation before entering any trade.
Always apply proper risk management.
This setup is shared for educational purposes only. Please conduct your own analysis before trading.
#Forex #EURUSD #TechnicalAnalysis #TradingView #PriceAction
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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.
Join the Telegram channel for high-quality market analysis and precise opportunities.
Regular analysis, clear trade ideas, and strong strategies are available to guide you.
Regular analysis, clear trade ideas, and strong strategies are available to guide you.
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.