EURUSD 1H chart 👀
What’s happening
Clear descending trendline resistance
Price just rejected near the trendline (~1.1740–1.1750 area)
I have marked a support/demand zone around 1.1650
Overall structure: lower highs → bearish bias
🎯 Downside Targets
🎯 Target 1 (primary support)
≈ 1.1650
My marked demand zone
High probability reaction level
Good first take-profit
🎯 Target 2 (breakdown continuation)
≈ 1.1620 – 1.1600
Previous lows
Liquidity below support
If 1.1650 breaks cleanly
🎯 Target 3 (extended move)
≈ 1.1550
Higher timeframe support
Only if strong bearish momentum continues
❌ Invalidation
Break and hold above 1.1750 – 1.1760
Clean breakout of trendline = bearish idea weakens
Clean Summary
TP1: 1.1650
TP2: 1.1620–1.1600
TP3: 1.1550
What’s happening
Clear descending trendline resistance
Price just rejected near the trendline (~1.1740–1.1750 area)
I have marked a support/demand zone around 1.1650
Overall structure: lower highs → bearish bias
🎯 Downside Targets
🎯 Target 1 (primary support)
≈ 1.1650
My marked demand zone
High probability reaction level
Good first take-profit
🎯 Target 2 (breakdown continuation)
≈ 1.1620 – 1.1600
Previous lows
Liquidity below support
If 1.1650 breaks cleanly
🎯 Target 3 (extended move)
≈ 1.1550
Higher timeframe support
Only if strong bearish momentum continues
❌ Invalidation
Break and hold above 1.1750 – 1.1760
Clean breakout of trendline = bearish idea weakens
Clean Summary
TP1: 1.1650
TP2: 1.1620–1.1600
TP3: 1.1550
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.
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.