EURUSD strategic outlook: BEARS will target 1.0500
Updated
🔸Hello guys, today let's review H8 price chart for eurusd. Previously
recommended buying low near 1.0650, TP hit +400 pips, congrats
if you followed. you can review original setup via link below.
🔸Range lows defined at 0650 , range highs set at 1050/1100.
This is the active trading range for EURUSD since early 2023 it's
well-defined and it's very unlikely that price will exit this range
any time soon (not until 2026).
🔸Currently we got a strong rejection near range highs at 1100
and this resistance is too strong for the bulls to break atm,
price was already rejected multiple times from this level.
there are no bullish catalysts in euro zone to break 1.10/1.11 S/R.
🔸Recommended strategy position traders: bears focus on short selling rips/rallies, targeting range lows at 0500/0550. Bears will take over from
here, so there is no valid setup for bulls on buy side. Keep in mind
that this is a swing trade setup and provided low volatiliy in EURUSD
it may take a while to hit the targets (multiple weeks).
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
recommended buying low near 1.0650, TP hit +400 pips, congrats
if you followed. you can review original setup via link below.
🔸Range lows defined at 0650 , range highs set at 1050/1100.
This is the active trading range for EURUSD since early 2023 it's
well-defined and it's very unlikely that price will exit this range
any time soon (not until 2026).
🔸Currently we got a strong rejection near range highs at 1100
and this resistance is too strong for the bulls to break atm,
price was already rejected multiple times from this level.
there are no bullish catalysts in euro zone to break 1.10/1.11 S/R.
🔸Recommended strategy position traders: bears focus on short selling rips/rallies, targeting range lows at 0500/0550. Bears will take over from
here, so there is no valid setup for bulls on buy side. Keep in mind
that this is a swing trade setup and provided low volatiliy in EURUSD
it may take a while to hit the targets (multiple weeks).
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
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