EURUSD 1H, price is rejecting a strong resistance zone (~1.1750) and still respecting the overall downtrend line → short bias looks valid.
Current price: ~1.1722
Key levels:
Resistance: 1.1745 – 1.1760
Support: 1.1690 – 1.1680 (highlighted demand zone)
Targets (sell scenario):
🎯 First target: 1.1700
🎯 Second target: 1.1685
🎯 Final target: 1.1665 – 1.1650
Idea:
Lower highs + trendline rejection = bearish continuation
If price breaks 1.1700, downside momentum can accelerate
Invalidation:
Clean break above 1.1760 → bearish setup fails
Current price: ~1.1722
Key levels:
Resistance: 1.1745 – 1.1760
Support: 1.1690 – 1.1680 (highlighted demand zone)
Targets (sell scenario):
🎯 First target: 1.1700
🎯 Second target: 1.1685
🎯 Final target: 1.1665 – 1.1650
Idea:
Lower highs + trendline rejection = bearish continuation
If price breaks 1.1700, downside momentum can accelerate
Invalidation:
Clean break above 1.1760 → bearish setup fails
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.