Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Price first broke out of a falling wedge pattern, kicking off a sharp rally that gained serious momentum.
The move ran into resistance at $1.1440, where price began stalling and transitioned into a triangle setup.
Since then, price has been wedged inside the triangle, testing highs but struggling to break convincingly.
The support trendline still holds, but each push upward is met with rejection near the resistance ceiling.
Momentum is fading, and with volume drying up, a downside move is becoming more likely from this zone.
I expect that the Euro can break lower from the triangle and fall to $1.1200 points in the upcoming sessions.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Price first broke out of a falling wedge pattern, kicking off a sharp rally that gained serious momentum.
The move ran into resistance at $1.1440, where price began stalling and transitioned into a triangle setup.
Since then, price has been wedged inside the triangle, testing highs but struggling to break convincingly.
The support trendline still holds, but each push upward is met with rejection near the resistance ceiling.
Momentum is fading, and with volume drying up, a downside move is becoming more likely from this zone.
I expect that the Euro can break lower from the triangle and fall to $1.1200 points in the upcoming sessions.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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🔶 Free telegram channel👉 bit.ly/4fKXOY0
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 bit.ly/4ibtiIs
đź’Ž ThinkMarkets Ambassador Join & explore bit.ly/4j6sALJ
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 bit.ly/4ibtiIs
đź’Ž ThinkMarkets Ambassador Join & explore bit.ly/4j6sALJ
Declinazione di responsabilitĂ
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.