EURUSD bearish continuation
EURUSD Technical Analysis
January 29, 2025
Bearish trend following
Price testing 0.786 Fibonacci retracement level
Trading below major moving averages
Break of key support trend line
Technical Confluence
Strong resistance at Fibonacci 0.786
Moving averages acting as dynamic resistance
Lower highs and lower lows confirming downtrend
Trade Setup
Entry: Short at current Fibonacci resistance
Stop Loss: Above recent swing high
Targets: Next support zones or 1.272 fib level
daily close below trend line support
January 29, 2025
Bearish trend following
Price testing 0.786 Fibonacci retracement level
Trading below major moving averages
Break of key support trend line
Technical Confluence
Strong resistance at Fibonacci 0.786
Moving averages acting as dynamic resistance
Lower highs and lower lows confirming downtrend
Trade Setup
Entry: Short at current Fibonacci resistance
Stop Loss: Above recent swing high
Targets: Next support zones or 1.272 fib level
daily close below trend line support
Trade active
Adding short position on the gap 
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.
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.