EURUSD | UPDATE
The price is currently respecting the descending channel, failing to close above the pivot zone (1.1780 – 1.1750) and rejecting from the upper boundary of the structure.
Bias: Bearish While Below 1.1780
As long as price remains under the pivot zone and inside the descending channel, the bearish pressure is likely to persist. A potential correction may retest 1.1750 – 1.1730 levels before continuation.
Next Targets:
1.1700 – Minor support
1.1684 – Short-term level
1.1627 – Mid-target
1.1557 – Main support zone and channel bottom
Invalidation:
Clear breakout and H4 close above 1.1780 would invalidate the short bias and open a path toward 1.1820 and possibly 1.1882.
Structure: Bearish inside descending channel
The price is currently respecting the descending channel, failing to close above the pivot zone (1.1780 – 1.1750) and rejecting from the upper boundary of the structure.
Bias: Bearish While Below 1.1780
As long as price remains under the pivot zone and inside the descending channel, the bearish pressure is likely to persist. A potential correction may retest 1.1750 – 1.1730 levels before continuation.
Next Targets:
1.1700 – Minor support
1.1684 – Short-term level
1.1627 – Mid-target
1.1557 – Main support zone and channel bottom
Invalidation:
Clear breakout and H4 close above 1.1780 would invalidate the short bias and open a path toward 1.1820 and possibly 1.1882.
Structure: Bearish inside descending channel
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
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.
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
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.