This is a forex trading chart for EUR/USD on a 1-hour timeframe, published on TradingView. The chart includes technical analysis with key support and resistance levels highlighted in red and yellow.
Observations:
1. Resistance Zone:
A strong resistance level is marked in the 1.0840–1.0850 range, indicating selling pressure.
2. Support Level:
The yellow horizontal line around 1.0784 represents a key support level.
3. Bearish Prediction:
The blue arrow suggests a potential downward move if the price breaks the 1.0784 support level.
4. Past Price Movements:
Price action has tested these levels multiple times, making them significant for decision-making.
5. Upcoming Economic Events:
Symbols at the bottom indicate important economic events for the US and Eurozone, which could influence volatility.
This suggests that traders are watching for a possible breakdown of support, which could lead to further downside movement. Would you like help analyzing potential trade setups?
Observations:
1. Resistance Zone:
A strong resistance level is marked in the 1.0840–1.0850 range, indicating selling pressure.
2. Support Level:
The yellow horizontal line around 1.0784 represents a key support level.
3. Bearish Prediction:
The blue arrow suggests a potential downward move if the price breaks the 1.0784 support level.
4. Past Price Movements:
Price action has tested these levels multiple times, making them significant for decision-making.
5. Upcoming Economic Events:
Symbols at the bottom indicate important economic events for the US and Eurozone, which could influence volatility.
This suggests that traders are watching for a possible breakdown of support, which could lead to further downside movement. Would you like help analyzing potential trade setups?
Trade closed: target reached
EURUSD Target successfully Reached. 
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.