EUR/USD is showing signs of weakness near the 1.1363 resistance zone, forming a potential lower high after recent bullish momentum. Price action suggests a possible reversal setup, targeting the support zone near 1.0932.
The setup indicates a favorable risk-to-reward ratio with the stop-loss placed above the recent highs at 1.1481. A break below 1.1229 would confirm further downside pressure toward the 1.0935–1.0932 region.
Keep an eye on upcoming USD and Eurozone news events, which may act as key catalysts for volatility.
Note: This analysis is for informational purposes only. Always perform your own due diligence before trading.
The setup indicates a favorable risk-to-reward ratio with the stop-loss placed above the recent highs at 1.1481. A break below 1.1229 would confirm further downside pressure toward the 1.0935–1.0932 region.
Keep an eye on upcoming USD and Eurozone news events, which may act as key catalysts for volatility.
Note: This analysis is for informational purposes only. Always perform your own due diligence before trading.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.