EUR/USD 1H Chart Analysis: Bearish Reversal from Resistance
EUR/USD 1H Chart Analysis
Trend Overview:
The price has been in an uptrend, as seen by the movement above the moving averages.
A recent pullback has started after hitting resistance.
Key Levels:
Resistance Zone (~1.0500-1.0520): Marked in red, where the price faced rejection.
Support Levels (~1.0465 & 1.0435): Possible areas where price could bounce.
Indicators:
Moving Averages (EMA 13, 48, 200):
The shorter-term EMAs (green & red) show a bullish trend, but the price is pulling back.
The 200 EMA (dotted white line) suggests long-term support at around 1.0435.
Volume Analysis:
Declining volume near the resistance suggests weakening bullish momentum.
A potential increase in selling volume could confirm the downside move.
Expected Price Movement:
The red arrow suggests a bearish reversal after rejecting resistance.
Price may target support at 1.0465 or lower to 1.0435.
Trend Overview:
The price has been in an uptrend, as seen by the movement above the moving averages.
A recent pullback has started after hitting resistance.
Key Levels:
Resistance Zone (~1.0500-1.0520): Marked in red, where the price faced rejection.
Support Levels (~1.0465 & 1.0435): Possible areas where price could bounce.
Indicators:
Moving Averages (EMA 13, 48, 200):
The shorter-term EMAs (green & red) show a bullish trend, but the price is pulling back.
The 200 EMA (dotted white line) suggests long-term support at around 1.0435.
Volume Analysis:
Declining volume near the resistance suggests weakening bullish momentum.
A potential increase in selling volume could confirm the downside move.
Expected Price Movement:
The red arrow suggests a bearish reversal after rejecting resistance.
Price may target support at 1.0465 or lower to 1.0435.
Trade closed: target reached
🎯✅ Another Target Hit – EUR/USD Playing Out Perfectly! ✅🎯
Boom! 🚀 Our analysis on EUR/USD nailed the key resistance zone, leading to the expected rejection! 📉🔥
Patience and precision always pay off in trading! If you caught this move, let me know in the comments! 💰💡
More setups coming—stay tuned, and let’s keep winning together! 🏆📊
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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.
Related publications
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.