EURUSD has officially broken structure on the daily timeframe. After forming a rising wedge pattern, price rejected the upper resistance and broke down with strong bearish momentum.
Key Highlights:
• Clean structure break below wedge support
• Daily imbalance zone in view near 1.1100
• Price may retest the previous support zone near 1.1310, which could now act as resistance
• Setup aligns with bearish market flow and SMC principles (structure + imbalance)
Watching for:
• Retest and rejection confirmations
• Continuation into imbalance zone
Key Highlights:
• Clean structure break below wedge support
• Daily imbalance zone in view near 1.1100
• Price may retest the previous support zone near 1.1310, which could now act as resistance
• Setup aligns with bearish market flow and SMC principles (structure + imbalance)
Watching for:
• Retest and rejection confirmations
• Continuation into imbalance zone
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.