๐ EUR/USD Analysis & Forecast ๐
๐น Pair: EUR/USD
๐น Timeframe: 1H
๐น Indicators: 50-period DEMA
๐น Key Levels:
Support Level: Broken
Retest Area: Confirmed
Supply Zone: Above
Market Insight:
The EUR/USD has broken a key support level and is now retesting it, potentially confirming a bearish move. The price is currently trading near 1.0780, with a downward target of 1.06790. If the retest holds, further downside pressure may follow.
๐ Trade Idea:
โ
Short Entry: After confirmed rejection from resistance
๐ฏ Target: 1.06790
โ Stop Loss: Above 1.08290
Will this setup play out? Let us know your thoughts! ๐๐
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