Euro / U.S. DollarShort
EUR/USD trend is bearish for more read the caption...
Updated
Today's chart about EUR/USD analysis on a 4-hour timeframe, indicates a bearish trend with potential further downside movement:
1. Bearish Trend Channel:
The price is moving within a downward-sloping channel, highlighting consistent lower highs and lower lows.
2. Projected Price Movement:
A blue arrow suggests a continuation of the bearish trend toward the target area (highlighted in green) around 1.01000–1.02000.
3. Stop Loss (SL) Area:
A red box at 1.03270 marks the stop-loss zone, signaling where the trade would be exited if the price reverses upward unexpectedly.
4. Target Area:
The green zone below represents the anticipated target for the price drop, aligned with the overall trend.
The setup I have made shows a bearish sentiment, with traders likely aiming to capitalize on a continued price decline while managing risk using the stop-loss level.
Note: As always remember it is for educational purposes not a trading advice. Please follow, like and support us.
1. Bearish Trend Channel:
The price is moving within a downward-sloping channel, highlighting consistent lower highs and lower lows.
2. Projected Price Movement:
A blue arrow suggests a continuation of the bearish trend toward the target area (highlighted in green) around 1.01000–1.02000.
3. Stop Loss (SL) Area:
A red box at 1.03270 marks the stop-loss zone, signaling where the trade would be exited if the price reverses upward unexpectedly.
4. Target Area:
The green zone below represents the anticipated target for the price drop, aligned with the overall trend.
The setup I have made shows a bearish sentiment, with traders likely aiming to capitalize on a continued price decline while managing risk using the stop-loss level.
Note: As always remember it is for educational purposes not a trading advice. Please follow, like and support us.
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