EUR/USD Short Setup – Brokerir Exclusive Analysis
EUR/USD is currently approaching key resistance zones at 1.04232 and 1.04433, where selling pressure is expected to increase. Based on technical analysis, price action suggests a potential short opportunity, targeting 1.03885 as the next major support level. The setup aligns with multiple confluences, including resistance rejections, momentum indicators, and Fibonacci retracement levels, indicating a high-probability trade.
Key Technical Levels
Resistance Levels (Short Entry Points):
1.04232 – First resistance zone where sellers may step in.
1.04433 – Stronger resistance, marking a potential liquidity grab before a reversal.
Target Support:
1.03885 – The expected downside target based on prior support structures.
Technical Factors Supporting the Short Setup
1️⃣ Price Action & Market Structure
EUR/USD is in a corrective move within a broader downtrend, approaching resistance levels where price has previously struggled to break higher.
Bearish rejection wicks or reversal candlestick patterns in this zone will further confirm selling pressure.
2️⃣ Fibonacci Retracement & Resistance Confluence
The 1.04232 and 1.04433 levels align with key Fibonacci retracement zones, acting as strong resistance points where price may reverse.
3️⃣ RSI & Momentum Indicators
RSI is nearing overbought levels, signaling potential exhaustion of the recent bullish push.
MACD shows slowing bullish momentum, indicating a possible reversal.
4️⃣ Volume & Order Flow Analysis
Low buying volume near resistance suggests that buyers may struggle to push price higher, increasing the likelihood of a bearish move.
A bearish engulfing candle or strong rejection from 1.04232 or 1.04433 will confirm the short setup.
Conclusion & Market Outlook
📊 Brokerir's Analysis Team expects a short trade opportunity on EUR/USD from 1.04232 or 1.04433, targeting 1.03885, based on technical confluences, resistance rejections, and momentum indicators. Traders should wait for clear bearish confirmations before entering.
🚀 Bearish Confirmation: Strong rejection at 1.04232 or 1.04433 with a bearish candlestick pattern.
📉 Bullish Risk: A breakout above 1.04433 could trigger further upside movement.
⚡ Stay updated with Brokerir for expert market analysis and precise trade setups!
Key Technical Levels
Resistance Levels (Short Entry Points):
1.04232 – First resistance zone where sellers may step in.
1.04433 – Stronger resistance, marking a potential liquidity grab before a reversal.
Target Support:
1.03885 – The expected downside target based on prior support structures.
Technical Factors Supporting the Short Setup
1️⃣ Price Action & Market Structure
EUR/USD is in a corrective move within a broader downtrend, approaching resistance levels where price has previously struggled to break higher.
Bearish rejection wicks or reversal candlestick patterns in this zone will further confirm selling pressure.
2️⃣ Fibonacci Retracement & Resistance Confluence
The 1.04232 and 1.04433 levels align with key Fibonacci retracement zones, acting as strong resistance points where price may reverse.
3️⃣ RSI & Momentum Indicators
RSI is nearing overbought levels, signaling potential exhaustion of the recent bullish push.
MACD shows slowing bullish momentum, indicating a possible reversal.
4️⃣ Volume & Order Flow Analysis
Low buying volume near resistance suggests that buyers may struggle to push price higher, increasing the likelihood of a bearish move.
A bearish engulfing candle or strong rejection from 1.04232 or 1.04433 will confirm the short setup.
Conclusion & Market Outlook
📊 Brokerir's Analysis Team expects a short trade opportunity on EUR/USD from 1.04232 or 1.04433, targeting 1.03885, based on technical confluences, resistance rejections, and momentum indicators. Traders should wait for clear bearish confirmations before entering.
🚀 Bearish Confirmation: Strong rejection at 1.04232 or 1.04433 with a bearish candlestick pattern.
📉 Bullish Risk: A breakout above 1.04433 could trigger further upside movement.
⚡ Stay updated with Brokerir for expert market analysis and precise trade setups!
Trade active
20 pips straight profit, partial exitTrade closed: target reached
🚀 brokerir.com CEO
Gold Analysis: brokerir.com/xauusd-analysis/
Brokers: brokerir.com/popular-forex-broker-for-iranians/
Indicator: brokerir.com/trend-prediction-indicator-in-tradingview/
Gold Analysis: brokerir.com/xauusd-analysis/
Brokers: brokerir.com/popular-forex-broker-for-iranians/
Indicator: brokerir.com/trend-prediction-indicator-in-tradingview/
🚀 brokerir.com CEO
Gold Analysis: brokerir.com/xauusd-analysis/
Brokers: brokerir.com/popular-forex-broker-for-iranians/
Indicator: brokerir.com/trend-prediction-indicator-in-tradingview/
Gold Analysis: brokerir.com/xauusd-analysis/
Brokers: brokerir.com/popular-forex-broker-for-iranians/
Indicator: brokerir.com/trend-prediction-indicator-in-tradingview/
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