**EUR/USD Bearish Breakout: Potential Drop to 1.03500**
This EUR/USD 1-hour chart indicates a **bearish breakout** from an ascending channel. Key observations:
1. **Breakout Confirmation:** Price has broken below the lower trendline of the rising channel, signaling a potential trend reversal.
2. **Bearish Momentum:** The price is retesting the broken trendline, and rejection at this level could confirm further downside.
3. **Target Zone:** The next significant support is around **1.03500**, aligning with previous structure levels.
4. **EMA Slope:** The short-term moving averages are turning bearish, adding confluence to a possible downward move.
If the price holds below the breakout zone, a short setup toward 1.03500 could be valid. A re-entry above the trendline could invalidate this bearish bias.
EURUSD
1. **Breakout Confirmation:** Price has broken below the lower trendline of the rising channel, signaling a potential trend reversal.
2. **Bearish Momentum:** The price is retesting the broken trendline, and rejection at this level could confirm further downside.
3. **Target Zone:** The next significant support is around **1.03500**, aligning with previous structure levels.
4. **EMA Slope:** The short-term moving averages are turning bearish, adding confluence to a possible downward move.
If the price holds below the breakout zone, a short setup toward 1.03500 could be valid. A re-entry above the trendline could invalidate this bearish bias.
EURUSD 
If you want to receive more Analysis signals, please join our Telegram channel. t.me/+JLFlD0eg3LFjNjU8
If you want to receive more Analysis signals, please join our Telegram channel. t.me/+JLFlD0eg3LFjNjU8
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.