Technical Outlook
Trend: Bullish structure remains intact, but momentum is weakening.
Resistance Zone: 1.1455–1.1465, where price has been rejected multiple times.
Current Support: The rising trendline near 1.1420–1.1425 is the key level to watch.
Major Horizontal Support: Around 1.1375, followed by 1.1325.
Bearish Scenario
If EUR/USD closes decisively below the ascending trendline and the 1.1420 support area, it would signal a shift in momentum toward the downside.
Potential downside targets:
Target 1: 1.1375 (previous support zone)
Target 2: 1.1325 (major demand area)
A confirmed break could accelerate selling pressure as buyers exit long positions.
Bullish Invalidation
The bearish outlook becomes invalid if buyers defend the trendline and push price above 1.1455–1.1465. A breakout above this resistance would confirm renewed bullish momentum and open the door for further gains.
Trading Plan
Sell Entry: Wait for a confirmed 2-hour candle close below the trendline and 1.1420 support.
Stop Loss: Above the recent swing high around 1.1455–1.1465.
Take Profit 1: 1.1375
Take Profit 2: 1.1325
Trend: Bullish structure remains intact, but momentum is weakening.
Resistance Zone: 1.1455–1.1465, where price has been rejected multiple times.
Current Support: The rising trendline near 1.1420–1.1425 is the key level to watch.
Major Horizontal Support: Around 1.1375, followed by 1.1325.
Bearish Scenario
If EUR/USD closes decisively below the ascending trendline and the 1.1420 support area, it would signal a shift in momentum toward the downside.
Potential downside targets:
Target 1: 1.1375 (previous support zone)
Target 2: 1.1325 (major demand area)
A confirmed break could accelerate selling pressure as buyers exit long positions.
Bullish Invalidation
The bearish outlook becomes invalid if buyers defend the trendline and push price above 1.1455–1.1465. A breakout above this resistance would confirm renewed bullish momentum and open the door for further gains.
Trading Plan
Sell Entry: Wait for a confirmed 2-hour candle close below the trendline and 1.1420 support.
Stop Loss: Above the recent swing high around 1.1455–1.1465.
Take Profit 1: 1.1375
Take Profit 2: 1.1325
Trade active
The market is near to hit 1st target of the analysisTrade closed manually
traders close your trades and new analysis will be come soon
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Click the 🌐Icon to join our telegram channel 📊 Daily XAUUSD(Gold) &Forex Market Analysis 💯Key Levels🎯 Focused on Risk Management ❤️🔥
Charts Tell The Story📊.
t.me/Trade_With_Alixza99
t.me/PRICEACTIONFOREX007
Charts Tell The Story📊.
t.me/Trade_With_Alixza99
t.me/PRICEACTIONFOREX007
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.