EURUSD Fails to Hold Above Supply - Bearish Setup Is Possible

Apr 13

Hello traders! Here’s my technical outlook based on the current EURUSD (3H) chart structure. EURUSD previously moved lower and formed a range, showing consolidation before a breakdown that confirmed bearish pressure. After the drop, price found support and started building a recovery structure, forming higher lows along a rising support line. Currently, price is testing the 1.1730 resistance (seller zone), which aligns with a descending resistance line. At the same time, EURUSD is holding above the 1.1650 buyer zone, confirming it as key support. As long as EURUSD remains below the 1.1730 resistance and respects the descending resistance line, the bearish bias becomes valid. A rejection from this zone could push price toward the 1.1650 support (TP1) as the next downside target. Please share this idea with your friends and click Boost 🚀

Apr 14

Trade active

Today we see an impulsive upward movement against the background of the latest news. We will monitor whether the price can consolidate at that level. And then we will draw conclusions.

Apr 15

Order cancelled

The situation is such that the euro was able to consolidate the level above the broken resistance, so our scenario is canceled and needs to be analyzed again!