30-minute EUR/USD, showing key support and resistance levels, a downtrend line, and a potential breakout zone.
Key Observations:
• Price was moving within a range but is now trending downward.
• An “ENTRY ZONE” is marked, suggesting a possible sell entry point.
• A large blue arrow indicates a potential drop toward the 1.0775 level.
• The 1.08675 level is highlighted as a key support zone—if broken, price could drop further.
This appears to be a bearish setup, where a break of support may lead to further downside movement.
Key Observations:
• Price was moving within a range but is now trending downward.
• An “ENTRY ZONE” is marked, suggesting a possible sell entry point.
• A large blue arrow indicates a potential drop toward the 1.0775 level.
• The 1.08675 level is highlighted as a key support zone—if broken, price could drop further.
This appears to be a bearish setup, where a break of support may lead to further downside movement.
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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.