📉 EURUSD Long-Term Bearish Outlook 📉
🔍 Analysis:
The EURUSD pair is currently showing signs of a long-term bearish bias. Our primary target is set at 0.8750, but please keep in mind that this may take a considerable amount of time to unfold. We will closely monitor price action on the highlighted zones for potential entry and exit opportunities.
📊 Timeframes:
To understand the broader trend, we are primarily focusing on the weekly and monthly charts. These timeframes provide us with the most indicative signals of the market's direction.
📈 Fibonacci Level:
The EURUSD pair recently reached the 618 Fibonacci retracement zone on the weekly chart, which marked a significant turning point. We already see selling coming in. This reinforces our bearish bias, suggesting that downward pressure is mounting.
It's truly fascinating how the weekly chart has validated our bearish perspective. We'll patiently monitor the market as it unfolds, keeping our sights on the 0.8750 target. Trading with caution and discipline is essential in this scenario. Stay tuned for updates as the story develops. 📉📊🔍 #EURUSD #BearishBias #LongTermTrade
🔍 Analysis:
The EURUSD pair is currently showing signs of a long-term bearish bias. Our primary target is set at 0.8750, but please keep in mind that this may take a considerable amount of time to unfold. We will closely monitor price action on the highlighted zones for potential entry and exit opportunities.
📊 Timeframes:
To understand the broader trend, we are primarily focusing on the weekly and monthly charts. These timeframes provide us with the most indicative signals of the market's direction.
📈 Fibonacci Level:
The EURUSD pair recently reached the 618 Fibonacci retracement zone on the weekly chart, which marked a significant turning point. We already see selling coming in. This reinforces our bearish bias, suggesting that downward pressure is mounting.
It's truly fascinating how the weekly chart has validated our bearish perspective. We'll patiently monitor the market as it unfolds, keeping our sights on the 0.8750 target. Trading with caution and discipline is essential in this scenario. Stay tuned for updates as the story develops. 📉📊🔍 #EURUSD #BearishBias #LongTermTrade