EUR/USD is showing signs of distribution around the key supply zone at 1.14380. Price failed to break above twice, forming a possible lower high, signaling that smart money might be preparing for a deeper move down.
Key Levels to Watch:
Supply Zone: 1.14380 – heavy selling pressure
First Target: 1.08667 – strong historical support
Final Target: 1.03215 – major demand zone (watch for bullish reaction here)
Market Drivers:
Upcoming high-impact U.S. events (marked below the chart) could fuel a bearish reversal, especially if USD strength returns.
Possible Trade Setup:
Sell Entry: Below 1.13400 (confirmation after rejection)
SL: Above 1.14000
TP1: 1.08667
TP2: 1.03215
Bias:
Bearish – Unless we see a strong breakout above 1.144, sellers remain in control.
---
Is EUR/USD headed for a sharp drop, or will bulls defend the 1.13s?
Comment your setup and let’s discuss!
#EURUSD #ForexAnalysis #LuxAlgo #TechnicalAnalysis #SupplyAndDemand #ForexSignals #BearishBias #TradingView
Key Levels to Watch:
Supply Zone: 1.14380 – heavy selling pressure
First Target: 1.08667 – strong historical support
Final Target: 1.03215 – major demand zone (watch for bullish reaction here)
Market Drivers:
Upcoming high-impact U.S. events (marked below the chart) could fuel a bearish reversal, especially if USD strength returns.
Possible Trade Setup:
Sell Entry: Below 1.13400 (confirmation after rejection)
SL: Above 1.14000
TP1: 1.08667
TP2: 1.03215
Bias:
Bearish – Unless we see a strong breakout above 1.144, sellers remain in control.
---
Is EUR/USD headed for a sharp drop, or will bulls defend the 1.13s?
Comment your setup and let’s discuss!
#EURUSD #ForexAnalysis #LuxAlgo #TechnicalAnalysis #SupplyAndDemand #ForexSignals #BearishBias #TradingView
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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.