📊 Technical Analysis EUR/USD
Timeframe: Likely Weekly (1W)
Current Price: ~1.0416
📉 Bearish Context:
Key Resistance: 1.05290
This zone has been tested multiple times without a breakout, indicating strong selling pressure.
It aligns with a liquidity area visible in the red rectangle.
Also near the yellow moving average (likely 50 or 100 periods), acting as dynamic resistance.
Key Support: 1.02838
Marked in blue as a potential short-term target.
A level that previously provided support and may attract buyers again.
📉 Current Scenario:
The price has rejected the 1.0529 resistance with a strong bearish candle.
A breakdown from the gray zone suggests a potential continuation downward.
If selling pressure persists, the 1.02838 target could be reached.
📈 Potential Trading Strategies:
🔻 Short Scenario (Bearish Bias):
Entry: Below 1.0430 after confirmation with a daily bearish close.
Target 1: 1.02838
Target 2: Below 1.0200 (depending on price action).
Stop Loss: Above 1.0500 (to avoid false breakouts).
🔼 Long Scenario (Less Likely Bullish Setup):
Entry: Confirmed bounce above 1.02838 with a strong reversal candle.
Target: Retest of 1.0529, with a stop below 1.0280.
📌 Final Considerations:
The current structure favors a short-term bearish continuation.
Key areas (support and resistance) will be crucial for the next move.
Watch for macroeconomic data and volatility, as they could impact the trend.
Timeframe: Likely Weekly (1W)
Current Price: ~1.0416
📉 Bearish Context:
Key Resistance: 1.05290
This zone has been tested multiple times without a breakout, indicating strong selling pressure.
It aligns with a liquidity area visible in the red rectangle.
Also near the yellow moving average (likely 50 or 100 periods), acting as dynamic resistance.
Key Support: 1.02838
Marked in blue as a potential short-term target.
A level that previously provided support and may attract buyers again.
📉 Current Scenario:
The price has rejected the 1.0529 resistance with a strong bearish candle.
A breakdown from the gray zone suggests a potential continuation downward.
If selling pressure persists, the 1.02838 target could be reached.
📈 Potential Trading Strategies:
🔻 Short Scenario (Bearish Bias):
Entry: Below 1.0430 after confirmation with a daily bearish close.
Target 1: 1.02838
Target 2: Below 1.0200 (depending on price action).
Stop Loss: Above 1.0500 (to avoid false breakouts).
🔼 Long Scenario (Less Likely Bullish Setup):
Entry: Confirmed bounce above 1.02838 with a strong reversal candle.
Target: Retest of 1.0529, with a stop below 1.0280.
📌 Final Considerations:
The current structure favors a short-term bearish continuation.
Key areas (support and resistance) will be crucial for the next move.
Watch for macroeconomic data and volatility, as they could impact the trend.
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.