This EUR/USD (Euro vs USD) 1H chart shows a key market structure with potential trade setups.
Key Analysis:
1. Sell Strong Zone (Yellow Area at 1.0500+)
This was a previous strong resistance level where sellers dominated.
Price rejected this area, causing a strong downward move.
2. Support/Buy Zone (Blue Area around 1.0380 - 1.0350)
This is a historical support zone where buyers previously stepped in.
The chart suggests a possible bounce from this area.
Expected Price Movement:
If price holds above 1.0380, a bullish reversal towards 1.0450 - 1.0480 is likely.
A clean break above 1.0450 could push the price back toward the Sell Zone near 1.0500.
If 1.0380 breaks, further downside towards 1.0350 - 1.0330 is possible.
This chart suggests waiting for confirmation of bullish strength before entering a long position. If price rejects resistance at 1.0400 - 1.0420, short opportunities could arise again.
Key Analysis:
1. Sell Strong Zone (Yellow Area at 1.0500+)
This was a previous strong resistance level where sellers dominated.
Price rejected this area, causing a strong downward move.
2. Support/Buy Zone (Blue Area around 1.0380 - 1.0350)
This is a historical support zone where buyers previously stepped in.
The chart suggests a possible bounce from this area.
Expected Price Movement:
If price holds above 1.0380, a bullish reversal towards 1.0450 - 1.0480 is likely.
A clean break above 1.0450 could push the price back toward the Sell Zone near 1.0500.
If 1.0380 breaks, further downside towards 1.0350 - 1.0330 is possible.
This chart suggests waiting for confirmation of bullish strength before entering a long position. If price rejects resistance at 1.0400 - 1.0420, short opportunities could arise again.
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Telegram channel 👇👇
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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.
World Best Signals Channel here 🤝
✅ XAUUSD Gold
✅ BTC & other coins
✅ EURUSD
✅ USDJPY
✅ GBPUSD
✅ ETH USD
Telegram channel 👇👇
t.me/+QYl1pO28OrY0ZTU0
✅ XAUUSD Gold
✅ BTC & other coins
✅ EURUSD
✅ USDJPY
✅ GBPUSD
✅ ETH USD
Telegram channel 👇👇
t.me/+QYl1pO28OrY0ZTU0
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.