📉 EURUSD Analysis — Bearish Breakout Setting Up
EURUSD is trading inside a tight symmetrical triangle after breaking its previous ascending channel. Price is compressing right under the Ichimoku cloud, showing weak buying momentum.
The structure suggests a bearish continuation:
The uptrend channel is already broken, shifting market bias from bullish to neutral–bearish.
Price is repeatedly getting rejected at the triangle’s upper boundary — showing sellers defending the level.
The cloud is flat and thin, signaling lack of bullish strength.
A clean break below the triangle support should trigger downside continuation toward the next demand level.
📌 Bearish Trigger
A breakout below 1.1640 with momentum confirms the sell.
🎯 Downside Target
TP: 1.1630 zone (marked on chart)
⚠ Invalid Setup
If price breaks above the triangle and closes inside the previous range, the bearish setup weakens
EURUSD is trading inside a tight symmetrical triangle after breaking its previous ascending channel. Price is compressing right under the Ichimoku cloud, showing weak buying momentum.
The structure suggests a bearish continuation:
The uptrend channel is already broken, shifting market bias from bullish to neutral–bearish.
Price is repeatedly getting rejected at the triangle’s upper boundary — showing sellers defending the level.
The cloud is flat and thin, signaling lack of bullish strength.
A clean break below the triangle support should trigger downside continuation toward the next demand level.
📌 Bearish Trigger
A breakout below 1.1640 with momentum confirms the sell.
🎯 Downside Target
TP: 1.1630 zone (marked on chart)
⚠ Invalid Setup
If price breaks above the triangle and closes inside the previous range, the bearish setup weakens
Trade active
Trade closed: target reached
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Accurate Gold, Forex & Crypto Market Analysis 📊
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Accurate Gold, Forex & Crypto Market Analysis 📊
Stay Ahead in the Market with Smart Analysis ⚡
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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.
t.me/+kAmP9HY4OpY5ODY0
Accurate Gold, Forex & Crypto Market Analysis 📊
Stay Ahead in the Market with Smart Analysis ⚡
Accurate Gold, Forex & Crypto Market Analysis 📊
Stay Ahead in the Market with Smart Analysis ⚡
Related publications
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.