Lingrid | EURUSD Momentum Shift Bearish Movement

Oct 6

The price perfectly fulfilled my previous idea. EURUSD is rejecting from the 1.1711 resistance area after testing the downward trendline. Price action shows a descending structure with a sequence of lower highs and lows forming under strong bearish control. A break below 1.1670 could open room for further downside toward the 1.1619 support zone. Momentum favors sellers as the market continues to respect the dominant downtrend channel.

⚠️ Risks:

• A close above 1.1711 may invalidate the bearish setup.
  
• Unexpected ECB policy remarks could shift sentiment abruptly.
  
• Broader dollar weakness may delay further downside momentum.

If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!

Oct 7

Trade active

halfway there - let's keep working

Oct 8

Trade closed: target reached

Target Reached +110 pips