Eurousd technical analysis.The image is a TradingView chart of the EUR/USD currency pair on a 1-hour timeframe. The chart includes technical analysis elements:
1. Support Zone (Purple Box) – A horizontal purple zone at the bottom indicates a support level where price has bounced previously.
2. Downtrend Line (Blue Line) – A descending trendline is drawn, connecting lower highs, acting as resistance.
3. Projected Price Movement (Blue Arrows) – A potential bullish breakout scenario is outlined:
A possible small pullback forming a "W" pattern.
A breakout above the descending trendline, leading to a price increase.
4. Symbols on Chart:
A lightning bolt inside a circle near the support zone (likely indicating a key level or liquidity area).
A U.S.