A bearish medium-term structure yet showing the potential for a short-term reversal. Key levels at 1.0420–1.0450 (resistance) and 1.0300 (support) will determine the next leg of movement.
Bull Case (Reversal/Upward Scenario) - low probability
A break above the 1.0450 resistance zone would indicate bullish strength, potentially driven by USD weakness or...
Bullish Thesis
Key Drivers:
The EUR/USD remains in a long-term bearish trend in the 4-hour timeframe, characterised by lower highs and lower lows. However, recent price action shows signs of consolidation around a critical support zone near 1.0250–1.0280, presenting opportunities for both upward retracements and continued downward moves.
Indicators like the...
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