EURO - Pirce can make movement up and then drop to $1.1420

l’altro ieri

Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊

After entering the wedge, Euro began to slow down, creating a tightening structure between support and resistance.

Price corrected toward the support line of the wedge, where it briefly paused and bounced with weak momentum.

The bounce triggered a breakout above local resistance, but buyers failed to hold the price at higher levels.

Soon after, the market reversed from the wedge’s upper boundary and began forming a bearish rejection pattern.

Now price trades just below the recent highs, showing fading demand and early signs of short-term reversal.

I expect Euro to move lower and reach the $1.1420 support level — my current target in this scenario.

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ieri

Trade attivo

At the moment I expect that price start to decline to my target.