EURUSD: Technical Bearish Outlook
EURUSD displays a Head & Shoulders pattern, which is typically a bearish reversal signal.
Lately the price created a deep correction by showig a potential WXZXY pattern, suggesting a potential corrective structure before further downside.
Bearish Targets:
1.1230 – First major support level
1.1100 – Possible second target
1.1000 – A deeper correction point
1.0900 – Strong structural support
Fundamental Impact:
The main focus should be on the Trump administration, which wants countries to offer their best offer for trade negotiations by Wednesday. This will create a real mess for better or worse and should bring high market volatility.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EURUSD displays a Head & Shoulders pattern, which is typically a bearish reversal signal.
Lately the price created a deep correction by showig a potential WXZXY pattern, suggesting a potential corrective structure before further downside.
Bearish Targets:
1.1230 – First major support level
1.1100 – Possible second target
1.1000 – A deeper correction point
1.0900 – Strong structural support
Fundamental Impact:
The main focus should be on the Trump administration, which wants countries to offer their best offer for trade negotiations by Wednesday. This will create a real mess for better or worse and should bring high market volatility.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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youtube.com/@TradingPuzzles
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.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
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.