Euro / U.S. Dollar
Short
Updated

EUR/USD | Euro Faces Pressure – Key Supply Zone at 1.1736–1.1762

1 388
By analyzing the EUR/USD chart on the 2-hour timeframe, we can see that the price is currently trading around 1.172. I expect to see more downside movement soon.

The key supply zone is between 1.17360–1.17620, and if the price retests this area, we should watch closely for reactions. The possible downside targets are 1.17120, 1.1707, 1.16880, and 1.16720.

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Best Regards , Arman Shaban
Trade active
By analyzing the EUR/USD chart on the 2-hour timeframe, we can see that the price moved with strong volatility in the same range we discussed earlier. It is now trading around 1.175.
Since the price is reacting to the marked supply zone, we can expect more downside movement. The possible targets for this drop are 1.17120, 1.1707, 1.16880, and 1.16720.

snapshot
Trade closed: target reached
By analyzing the EUR/USD chart on the 2-hour timeframe, we can see that the price dropped as expected and almost hit the 1.17120 target.

Currently, it is trading around 1.174, and I still expect more downside movement soon. All other points from the previous analysis remain valid.

snapshot

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