SasanSeifi|Bearish Momentum Targets Key Support Levels!
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EURUSD In the daily timeframe, the price advanced toward the liquidity level of 1.11300 and the 1.12 price range with a significant upward trend. Following this rise, corrections occurred, and after forming a low, the price again moved towards the key 1.12 level. However, with the failure to break the previous high, a double top was formed, leading to another wave of corrections.
⏭Currently, after breaking the low at the 1.10 level, the price has retraced to 1.095. The overall outlook is bearish, with potential corrections targeting 1.086 to 1.082. If momentum weakens around the support range of 1.095 to 1.090 and a confirmation is received, the price may enter a consolidation phase, ranging between 1.10, 1.10400, and 1.10800.
🔹After this, we might see a pullback followed by further corrections. Monitoring price reactions at the first demand zone will provide better insight. However, if the selling pressure continues and the demand zone is broken, the price could target the corrective levels of 1.086 and 1.082 within the FVG and order block areas.
This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
EURUSD In the daily timeframe, the price advanced toward the liquidity level of 1.11300 and the 1.12 price range with a significant upward trend. Following this rise, corrections occurred, and after forming a low, the price again moved towards the key 1.12 level. However, with the failure to break the previous high, a double top was formed, leading to another wave of corrections.⏭Currently, after breaking the low at the 1.10 level, the price has retraced to 1.095. The overall outlook is bearish, with potential corrections targeting 1.086 to 1.082. If momentum weakens around the support range of 1.095 to 1.090 and a confirmation is received, the price may enter a consolidation phase, ranging between 1.10, 1.10400, and 1.10800.
🔹After this, we might see a pullback followed by further corrections. Monitoring price reactions at the first demand zone will provide better insight. However, if the selling pressure continues and the demand zone is broken, the price could target the corrective levels of 1.086 and 1.082 within the FVG and order block areas.
This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
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As you can see, the price has followed the second scenario and has been moving downward toward the order block. It is currently reacting positively at the 1.082 level. It is likely that we will see the price consolidate in this range, with positive fluctuations up to the 1.090, 1.092, and 1.096 levels. To better understand the continuation of the price movement, we need to observe how the price reacts during these positive fluctuations.
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The price, following the second scenario, moved downward towards the order block zone and showed a positive reaction at the 1.082 area. In the previous analysis, it was mentioned that within this price range, the trend could consolidate, with positive fluctuations up to the 1.090 – 1.092 – 1.096 levels. As you can see, after a bullish candle, the price faced a correction again, dipping below the key 1.080 level. If the 1.078 low is broken and confirmed, the next corrective target will be the 1.075 – 1.073 price range.
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