EUR/USD | EURUSD Reacts Perfectly From Supply – First Target Hit

Feb 16

By analyzing the #EURUSD chart on the 1-hour timeframe, we can see that price reacted exactly as expected from the 1.18780–1.18900 supply zone. As mentioned in the previous analysis, this was a key resistance area, and once price entered this zone, selling pressure stepped in immediately.

EURUSD started its corrective move from this supply region and delivered a clean 34-pip drop, successfully hitting the first downside target at 1.18500. This confirms that the supply zone is still valid and that sellers are defending this area.

All previous assumptions remain valid. As long as price continues to stabilize below this resistance zone, the downside scenario stays intact, with the next potential targets remaining 1.18330 and 1.18250.

THE MAIN ANALYSIS :

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Best Regards , Arman Shaban

Feb 19

Trade closed: target reached

By analyzing the #EURUSD chart on the 1-hour timeframe, we can see that price moved exactly in line with our expectations. After reacting from the $1.18780–$1.18900 supply zone, EURUSD initiated a strong bearish expansion and continued its downside move aggressively.

All previously mentioned targets were successfully hit, and price even extended the move down to the $1.17700 level. This confirms that the supply zone was strongly defended by sellers and that the bearish structure remained fully intact throughout the move.

The total return of this analysis exceeded 106 pips, and I hope you were able to capitalize on this opportunity. The structure-based approach once again proved its strength.