EURUSD Could Retest 1.1380 After Resistance Rejection

Jul 9

Hello traders! Here’s my technical outlook based on the current EURUSD (4H) chart structure. EURUSD previously traded inside a broad range after breaking below an ascending support line, confirming a bearish shift in market structure. Price later broke beneath the range support and continued lower while respecting the long-term descending trendline, reinforcing seller dominance. Currently, EURUSD is trading above the 1.1380 Buyer Zone while remaining below the 1.1470 Seller Zone. Price is recovering from support and following a rising trendline, but the descending trendline continues to cap the upside and remains the key resistance. As long as EURUSD stays below the 1.1470 Seller Zone and respects the descending trendline, the bearish scenario remains valid. A rejection from current levels could send price back toward the 1.1380 Buyer Zone (TP1). Please share this idea with your friends and click "Boost" 🚀

Jul 10

Trade active

Today we can see that the trend line is still strong. The price has deviated from it again downwards, so we continue to actively monitor!

Jul 13

Trade closed: target reached

The target was not reached. The price fell to the support zone, but buyers there reacted well, indicating continued consolidation.