Forecasted Move:
First, a bullish breakout towards the upper blue levels (around 1.14000–1.14193).
After hitting resistance, a sharp drop is expected.
Pullback (small retracement) near the green trendline.
Then, a bigger bearish move targeting the lower yellow demand zone around 1.11600–1.12225.
Key Levels Marked:
Resistance: 1.14000 – 1.14255
Support: 1.12225 – 1.11600
Timeline:
Major movements are expected between late April and early May (around May 6–8).
Important Detail:
You have drawn two phases — a fast move up (blue zigzag) and then a corrective drop (red zigzag).
Watch out for news events around those dates (you've marked news icons too).
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Summary:
You are expecting a false bullish rally, followed by a major bearish drop after May 6–7 on EUR/USD.
First, a bullish breakout towards the upper blue levels (around 1.14000–1.14193).
After hitting resistance, a sharp drop is expected.
Pullback (small retracement) near the green trendline.
Then, a bigger bearish move targeting the lower yellow demand zone around 1.11600–1.12225.
Key Levels Marked:
Resistance: 1.14000 – 1.14255
Support: 1.12225 – 1.11600
Timeline:
Major movements are expected between late April and early May (around May 6–8).
Important Detail:
You have drawn two phases — a fast move up (blue zigzag) and then a corrective drop (red zigzag).
Watch out for news events around those dates (you've marked news icons too).
---
Summary:
You are expecting a false bullish rally, followed by a major bearish drop after May 6–7 on EUR/USD.
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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.
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.