Euro / DollaroShort
EUR/USD Bearish Setup Short Opportunity at Key Resistance Zone
This chart suggests a potential short setup for EUR/USD
The price has been in a downward trend, making lower highs and lower lows. The current price action indicates a potential retracement towards the marked resistance zone near 1.02820 - 1.03117, which aligns with a possible supply zone. This zone could act as a strong resistance due to previous selling pressure.
The price is likely to reject this resistance and resume the downward movement, following the overall bearish trend. A breakdown from the resistance zone could lead to a short opportunity targeting 1.01764 as the first support level. If bearish momentum continues, the price might further decline toward lower levels.
Key levels to watch
Resistance: 1.02820 - 1.03117 (entry zone for shorts if rejection occurs)
First Target: 1.01764 (potential take-profit level)
Stop Loss: Above 1.03117 (to protect against a breakout)
Confirmation of rejection through candlestick patterns or bearish momentum near the resistance zone is crucial before entering the trade.
The price has been in a downward trend, making lower highs and lower lows. The current price action indicates a potential retracement towards the marked resistance zone near 1.02820 - 1.03117, which aligns with a possible supply zone. This zone could act as a strong resistance due to previous selling pressure.
The price is likely to reject this resistance and resume the downward movement, following the overall bearish trend. A breakdown from the resistance zone could lead to a short opportunity targeting 1.01764 as the first support level. If bearish momentum continues, the price might further decline toward lower levels.
Key levels to watch
Resistance: 1.02820 - 1.03117 (entry zone for shorts if rejection occurs)
First Target: 1.01764 (potential take-profit level)
Stop Loss: Above 1.03117 (to protect against a breakout)
Confirmation of rejection through candlestick patterns or bearish momentum near the resistance zone is crucial before entering the trade.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.