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BTCUSDT: Head & Shoulders Signals Further Downside Toward 60,7K
Hello everyone, here is my breakdown of the current BTCUSDT setup.
Market Analysis
BTCUSDT previously traded inside a strong ascending channel before breaking below support, signaling a shift in market structure. After the breakdown, price continued lower beneath a descending trendline, confirming growing bearish pressure.
Currently, BTCUSDT is trading below the 66,000 Resistance Zone while holding above the 60,700 Support Zone. A Head and Shoulders pattern has formed beneath resistance, and the recent rejection from the trendline suggests that sellers remain in control. The right shoulder has already been completed, increasing the probability of another downside move.
My Scenario & Strategy
As long as BTCUSDT remains below the 66,000 Resistance Zone and continues to respect the descending trendline, the bearish scenario remains valid. A rejection from current levels could push price toward the 60,700 Support Zone (TP1).
However, if BTCUSDT breaks above the resistance zone and invalidates the Head and Shoulders pattern, the bearish outlook would weaken and a stronger recovery could follow.
For the full interactive chart, see the original idea on TradingView. Your likes, boosts, and thoughtful comments there are always welcome and help the community grow. 😉
https://www.tradingview.com/chart/BTCUSDT/GLKyLONP-BTCUSDT-Head-Shoulders-Signals-Further-Downside-Toward-60-7K/
EURUSD: Downtrend Continues as Channel Resistance Holds
Hello everyone, here is my breakdown of the current EURUSD setup.
Market Analysis
EURUSD previously traded inside a broad consolidation range after breaking below a major downward channel. Following a temporary recovery, price formed a rounding top pattern near resistance, signaling weakening bullish momentum and a potential trend reversal.
Currently, EURUSD is trading below the 1.1450 Resistance Zone while holding above the 1.1370 Support Zone. A recent breakout below the consolidation structure triggered a new bearish leg, and price continues to move inside a well-defined descending channel, confirming that sellers remain in control.
My Scenario & Strategy
As long as EURUSD remains below the 1.1450 Resistance Zone and continues to respect the descending channel structure, the bearish scenario remains valid. A rejection from current levels could push price toward the 1.1370 Support Zone (TP1).
However, if EURUSD breaks above the resistance zone and exits the channel to the upside, the bearish outlook would weaken and a deeper recovery could develop.
For the full interactive chart, see the original idea on TradingView. Your likes, boosts, and thoughtful comments there are always welcome and help the community grow. 😉
https://www.tradingview.com/chart/EURUSD/2QWOrh9w-EURUSD-Downtrend-Continues-as-Channel-Resistance-Holds/
XAUUSD: Rounding Top Signals Weakness, Possible Decline To 4,120
Hello everyone, here is my breakdown of the current XAUUSD setup.
Market Analysis
XAUUSD previously traded inside a broad consolidation range before breaking below support and extending its bearish move. After establishing a major low, price entered a recovery phase, but the rally lost momentum near trendline resistance and formed a rounding top pattern, signaling weakening buyer strength.
Currently, XAUUSD is trading below the 4,240 Resistance Zone while holding above the 4,120 Support Zone. A recent fake breakout above resistance was quickly rejected, and the subsequent breakdown confirmed renewed selling pressure.
My Scenario & Strategy
As long as XAUUSD remains below the 4,240 Resistance Zone and continues to respect the descending trendline, the bearish scenario remains valid. A rejection from current levels could push price toward the 4,120 Support Zone (TP1).
However, a breakout above resistance would weaken the bearish outlook and signal a stronger recovery.
For the full interactive chart, see the original idea on TradingView. Your likes, boosts, and thoughtful comments there are always welcome and help the community grow. 😉
https://www.tradingview.com/chart/XAUUSD/4gbj3Rp1-XAUUSD-Rounding-Top-Signals-Weakness-Possible-Decline-To-4-120/
BTCUSDT: Ready for Another Push Higher? 66K Resistance in Sight
Hello everyone, here is my breakdown of the current BTCUSDT setup.
Market Analysis
BTCUSDT previously traded inside a well-defined descending channel, where sellers dominated the market and pushed price steadily lower. After breaking below several key support levels, the decline accelerated before buyers finally stepped in near the local bottom and triggered a strong recovery.
Currently, BTCUSDT is trading above the 63,600 Support Zone while remaining below the 66,000 Resistance Zone. Following the breakout from the descending channel, price formed an ascending channel and continues to print higher lows, signaling that bullish momentum remains intact. The latest pullback found support near the lower boundary of the channel, where buyers are attempting to regain control.
My Scenario & Strategy
As long as BTCUSDT remains above the 63,600 Support Zone and continues to respect the ascending channel structure, the bullish scenario remains valid. A bounce from current levels could push price toward the 66,000 Resistance Zone (TP1).
However, a breakdown below the support zone and channel support would weaken the bullish outlook and increase the risk of a deeper correction.
For the full interactive chart, see the original idea on TradingView. Your likes, boosts, and thoughtful comments there are always welcome and help the community grow. 😉
https://www.tradingview.com/chart/BTCUSDT/el8opca3-BTCUSDT-Ready-for-Another-Push-Higher-66K-Resistance-in-Sight/
EURUSD: Breakdown Confirmed – Support Becomes the Next Target
Hello everyone, here is my breakdown of the current EURUSD setup.
Market Analysis
EURUSD has been trading inside a well-defined downward channel, where sellers continue to maintain control through a sequence of lower highs and lower lows. After breaking below a previous support area, price attempted several recoveries, but each rally was rejected near channel resistance, confirming the bearish trend.
Currently, EURUSD is trading below the 1.1490 Resistance Zone while holding above the 1.1410 Support Zone. A recent breakout below a short-term consolidation structure accelerated selling pressure, and the latest rebound appears to be a corrective retest of former support, now acting as resistance.
My Scenario & Strategy
As long as EURUSD remains below the 1.1490 Resistance Zone and continues to respect the downward channel structure, the bearish scenario remains valid. A rejection from current levels could push price toward the 1.1410 Support Zone (TP1).
However, if EURUSD breaks above the resistance zone and exits the channel to the upside, the bearish outlook would weaken and a larger recovery could develop.
For the full interactive chart, see the original idea on TradingView. Your likes, boosts, and thoughtful comments there are always welcome and help the community grow. 😉
https://www.tradingview.com/chart/EURUSD/L8AFs8ys-EURUSD-Breakdown-Confirmed-Support-Becomes-the-Next-Target/
XAUUSD: Retests Triangle Support – Bulls Target 4,330 Resistance
Hello everyone, here is my breakdown of the current XAUUSD setup.
Market Analysis
XAUUSD previously traded below a long-term descending trendline, where sellers controlled the market through a series of lower highs. After forming a major bottom, price rebounded strongly and broke above several key resistance levels, shifting momentum back to the upside.
Currently, XAUUSD is trading above the 4,220 Support Zone while remaining below the 4,330 Resistance Zone. After breaking out of a recent consolidation range, price pulled back from resistance and is now retesting the rising triangle support line, where buyers may step in again.
My Scenario & Strategy
As long as XAUUSD remains above the 4,220 Support Zone and continues to respect the ascending triangle support, the bullish scenario remains valid. A bounce from current levels could push price back toward the 4,330 Resistance Zone (TP1).
However, a breakdown below the support zone would weaken the bullish outlook and increase the risk of a deeper correction.
For the full interactive chart, see the original idea on TradingView. Your likes, boosts, and thoughtful comments there are always welcome and help the community grow. 😉
https://www.tradingview.com/chart/XAUUSD/21KGjsPK-XAUUSD-Retests-Triangle-Support-Bulls-Target-4-330-Resistance/
BTCUSDT: Faces Triangle Resistance – Bearish Pullback At 63,6K?
Hello everyone, here is my breakdown of the current BTCUSDT setup.
Market Analysis
BTCUSDT previously traded inside a well-defined downward channel, where sellers maintained control after a strong decline from the local highs. Following multiple bearish breakouts, price reached a major pivot low and started a recovery phase, eventually breaking out of the channel and shifting momentum back to the upside.
Currently, BTCUSDT is trading inside a large symmetrical triangle formation between the 67,000 Resistance Zone and the 63,600 Support Zone. Recent bullish momentum pushed price into the upper boundary of the triangle, but the market is now showing signs of rejection from the resistance area.
My Scenario & Strategy
As long as BTCUSDT remains below the 67,000 Resistance Zone and continues to respect the triangle resistance line, the bearish scenario remains valid. A rejection from current levels could trigger a pullback toward the 63,600 Support Zone (TP1), where buyers may attempt to defend the market again.
However, if BTCUSDT breaks above the resistance zone and confirms a triangle breakout, the bearish outlook would weaken and a stronger bullish continuation could follow.
For the full interactive chart, see the original idea on TradingView. Your likes, boosts, and thoughtful comments there are always welcome and help the community grow. 😉
https://www.tradingview.com/chart/BTCUSDT/upzLR1tb-BTCUSDT-Faces-Triangle-Resistance-Bearish-Pullback-At-63-6K/
BTCUSDT: Faces Triangle Resistance – Bearish Pullback At 63,6K?
Hello everyone, here is my breakdown of the current BTCUSDT setup.
Market Analysis
BTCUSDT previously traded inside a well-defined downward channel, where sellers maintained control after a strong decline from the local highs. Following multiple bearish breakouts, price reached a major pivot low and started a recovery phase, eventually breaking out of the channel and shifting momentum back to the upside.
Currently, BTCUSDT is trading inside a large symmetrical triangle formation between the 67,000 Resistance Zone and the 63,600 Support Zone. Recent bullish momentum pushed price into the upper boundary of the triangle, but the market is now showing signs of rejection from the resistance area.
My Scenario & Strategy
As long as BTCUSDT remains below the 67,000 Resistance Zone and continues to respect the triangle resistance line, the bearish scenario remains valid. A rejection from current levels could trigger a pullback toward the 63,600 Support Zone (TP1), where buyers may attempt to defend the market again.
However, if BTCUSDT breaks above the resistance zone and confirms a triangle breakout, the bearish outlook would weaken and a stronger bullish continuation could follow.
That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.
For the full interactive chart, see the original idea on TradingView. Your likes, boosts, and thoughtful comments there are always welcome and help the community grow. 😉
https://www.tradingview.com/chart/BTCUSDT/upzLR1tb-BTCUSDT-Faces-Triangle-Resistance-Bearish-Pullback-At-63-6K/
EURUSD: Recovery in Progress - Resistance Comes Into Play
Hello everyone, here is my breakdown of the current EURUSD setup.
Market Analysis
EURUSD previously traded inside a descending channel, where sellers maintained control after a prolonged decline. Following a breakout from the channel, price entered a consolidation range before finding support near the 1.1570 Support Zone and shifting into a recovery phase.
Currently, EURUSD is trading inside an ascending channel while holding above the 1.1570 Support Zone. Recent breakouts and successful retests confirm growing bullish momentum, while the fake breakout below support highlighted strong buyer activity at lower levels.
My Scenario & Strategy
As long as EURUSD remains above the 1.1570 Support Zone and continues to respect the ascending channel structure, the bullish scenario remains valid. A continuation higher could push price toward the 1.1640 Resistance Zone (TP1).
However, a breakdown below support would weaken the recovery outlook and increase the risk of a deeper decline.
For the full interactive chart, see the original idea on TradingView. Your likes, boosts, and thoughtful comments there are always welcome and help the community grow. 😉
https://www.tradingview.com/chart/EURUSD/h5lnQf3D-EURUSD-Recovery-in-Progress-Resistance-Comes-Into-Play/
XAUUSD: Retest of Resistance May Trigger Another Decline To 4240
Hello everyone, here is my breakdown of the current XAUUSD setup.
Market Analysis
XAUUSD has been trading under a long-term descending trendline after failing to sustain a previous recovery. A breakout below the triangle support triggered a strong bearish move, and price continued lower through several key support levels, confirming seller dominance.
Currently, XAUUSD is trading below the 4,360 Resistance Zone while holding near the 4,240 Support Zone. After a sharp decline, price has staged a short-term rebound and is now retesting the former resistance area from below, where bearish pressure may return.
My Scenario & Strategy
As long as XAUUSD remains below the 4,360 resistance level and continues to respect the broken structure, the bearish scenario remains valid. A rejection from current levels could push price back toward the 4,240 Support Zone (TP1).
However, a breakout above resistance would weaken the bearish outlook and open the door for a stronger recovery.
For the full interactive chart, see the original idea on TradingView. Your likes, boosts, and thoughtful comments there are always welcome and help the community grow. 😉
https://www.tradingview.com/chart/XAUUSD/mB5GhpAA-XAUUSD-Retest-of-Resistance-May-Trigger-Another-Decline-To-4240
BTCUSDT: 63,000 Support Holds – 66,000 Resistance Ahead
Hello everyone, here is my breakdown of the current BTCUSDT setup.
Market Analysis
BTCUSDT previously traded inside a well-defined descending channel after breaking down from a consolidation range near the recent highs. Following several bearish breakouts, price established a major low and shifted into recovery mode, breaking above the channel resistance and confirming a change in market structure.
Currently, BTCUSDT is trading inside an ascending channel while holding above the 63,000 Support Zone. Recent breakouts above key resistance levels were followed by successful retests, confirming growing bullish momentum. Price is now approaching the 66,000 Resistance Zone, which represents the next major barrier for buyers.
My Scenario & Strategy
My scenario: as long as BTCUSDT remains above the 63,000 Support Zone and continues to respect the ascending channel structure, the bullish scenario remains valid. A continuation higher could push price toward the 66,000 Resistance Zone (TP1) for a retest.
However, if BTCUSDT breaks below the support zone and loses the channel structure, the bullish outlook would weaken and a deeper correction could follow.
For the full interactive chart, see the original idea on TradingView. Your likes, boosts, and thoughtful comments there are always welcome and help the community grow. 😉
https://www.tradingview.com/chart/BTCUSDT/qXKsQoP4-BTCUSDT-63-000-Support-Holds-66-000-Resistance-Ahead/
EURUSD: Fresh Breakout Sets Up a Bullish Scenario, Aim 1.1630
Hello everyone, here is my breakdown of the current EURUSD setup.
Market Analysis
EURUSD previously traded inside an upward channel, where buyers maintained control despite several pullbacks. After a fake breakout near the channel top, price lost momentum and eventually broke below the lower boundary of the channel, signaling a shift in market structure.
Currently, EURUSD is trading above the 1.1560 Support Zone while remaining below the 1.1600 and 1.1630 Resistance Zones. After consolidating inside a range, price broke higher and is now retesting the former breakout area, suggesting that buyers are attempting to build fresh momentum.
My Scenario & Strategy
My scenario: as long as EURUSD remains above the 1.1560 Support Zone and holds the recent breakout, the bullish scenario remains valid. A continuation higher could push price toward the 1.1630 Resistance Zone (TP1) for a retest.
However, if EURUSD falls back below the 1.1560 Support Zone and loses the breakout structure, the bullish outlook would weaken and a deeper decline could follow.
For the full interactive chart, see the original idea on TradingView. Your likes, boosts, and thoughtful comments there are always welcome and help the community grow. 😉
https://www.tradingview.com/chart/EURUSD/uJKu6YYP-EURUSD-Fresh-Breakout-Sets-Up-a-Bullish-Scenario-Aim-1-1630/
XAUUSD: Sellers Maintain Control and Opens Path Toward 4,000$
Hello everyone, here is my breakdown of the current XAUUSD setup.
Market Analysis
XAUUSD has been trading inside a well-defined descending channel after breaking down from a broad consolidation range near the recent highs. Multiple bearish breakouts below key support levels confirmed strong selling pressure, while every recovery attempt was rejected by the channel resistance, keeping the overall trend firmly bearish.
Currently, XAUUSD is trading below the 4,120 Resistance Zone while holding above the 4,000 Support Zone. Price recently broke beneath the lower boundary of the descending channel and successfully retested the broken structure from below, confirming a bearish continuation. The latest rebound into resistance was rejected again, signaling that sellers remain in control.
My Scenario & Strategy
My scenario: as long as XAUUSD remains below the 4,120 Resistance Zone and continues to respect the former channel support as new resistance, the bearish scenario remains valid. A continuation lower could push price toward the 4,000 Support Zone (TP1) for a retest.
However, if XAUUSD breaks back above the 4,120 Resistance Zone and reclaims the broken channel structure, the bearish outlook would weaken and a stronger recovery could develop.
For the full interactive chart, see the original idea on TradingView. Your likes, boosts, and thoughtful comments there are always welcome and help the community grow. 😉
https://www.tradingview.com/chart/XAUUSD/XTiKmrj0-XAUUSD-Sellers-Maintain-Control-and-Opens-Path-Toward-4-000/
BTCUSDT: Support Holds — Retest of $64,400 Resistance Becomes
Hello everyone, here is my breakdown of the current BTCUSDT setup.
Market Analysis
BTCUSDT has been trading under a well-defined descending trendline after breaking down from a broad consolidation range near the recent highs. Several bearish breakouts below key structures confirmed strong selling pressure, while every recovery attempt was capped by the prevailing downtrend.
Currently, BTCUSDT is trading between the 64,400 Resistance Zone and the 59,800 Support Zone. After finding support at the lower boundary, price formed a local recovery and is attempting to build higher lows along an ascending triangle support line, signaling improving short-term momentum.
My Scenario & Strategy
My scenario: as long as BTCUSDT remains above the 59,800 Support Zone and continues to respect the ascending triangle support line, the bullish recovery scenario remains valid. A continuation higher could push price toward the 64,400 Resistance Zone (TP1) for a retest.
However, if BTCUSDT breaks below the 59,800 Support Zone, the recovery outlook would weaken and a new bearish leg could follow.
For the full interactive chart, see the original idea on TradingView. Your likes, boosts, and thoughtful comments there are always welcome and help the community grow. 😉
https://www.tradingview.com/chart/BTCUSDT/0FYDkX0G-BTCUSDT-Support-Holds-Retest-of-64-400-Resistance-Becomes/
EURUSD: Rejection at Key Resistance Zone, Eyes 1.15100 Support
Hello everyone, here is my breakdown of the current EURUSD setup.
Market Analysis
EURUSD previously traded inside a narrowing wedge structure after reversing from local highs. Following a sharp bearish breakout below the wedge support line, price accelerated lower and broke through major horizontal zones, confirming strong seller dominance.
Currently, EURUSD is trading between the 1.15800 resistance zone and the 1.15100 support zone. After printing a brief breakout below the support area, price formed a local recovery structure back up to retest the overhead resistance, where it is now facing a bearish rejection.
My Scenario & Strategy
As long as EURUSD remains below the 1.15800 resistance zone and continues to reject this horizontal ceiling, the bearish short scenario remains valid. A continuation lower should push price back toward the 1.15100 support zone (TP1).
However, if EURUSD breaks above the 1.15800 resistance zone, the bearish outlook would weaken and a stronger upward correction could follow.
For the full interactive chart, see the original idea on TradingView. Your likes, boosts, and thoughtful comments there are always welcome and help the community grow. 😉
https://www.tradingview.com/chart/EURUSD/Cj03Axbw-EURUSD-Rejection-at-Key-Resistance-Zone-Eyes-1-15100-Support/
BTCUSDT: Recovery Attempt After Strong Downtrend, Eyes On 64K
Hello everyone, here is my breakdown of the current BTCUSDT setup.
Market Analysis
BTCUSDT previously traded inside a broad descending channel after reversing from a major high. Following a bearish breakout below the channel support, price accelerated lower and entered a strong impulsive decline, confirming seller dominance.
Currently, BTCUSDT is trading between the 64,000 resistance zone and the 59,800 support zone. After reaching a local low near support, price started forming a recovery structure while holding above the ascending support line, suggesting that buyers are attempting a short-term rebound.
My Scenario & Strategy
As long as BTCUSDT remains above the 59,800 support zone and continues to respect the ascending support line, the bullish recovery scenario remains valid. A continuation higher could push price toward the 64,000 resistance zone (TP1).
However, if BTCUSDT breaks below the 59,800 support zone, the bullish outlook would weaken and a deeper decline could follow.
For the full interactive chart, see the original idea on TradingView. Your likes, boosts, and thoughtful comments there are always welcome and help the community grow. 😉
https://www.tradingview.com/chart/BTCUSDT/mL1WMcTd-BTCUSDT-Recovery-Attempt-After-Strong-Downtrend-Eyes-On-64K/
EURUSD: Triangle Structure Points to Possible Drop Toward 1.1590
Hello everyone, here is my breakdown of the current EURUSD setup.
Market Analysis
EURUSD previously traded inside a broad downward channel while also forming a large triangle pattern. After breaking above the triangle resistance, price rallied into the 1.1660 resistance zone and reached a local peak within the descending channel structure.
Currently, EURUSD is trading between the 1.1660 resistance zone and the 1.1590 support zone. Price recently failed to hold above resistance, creating another rejection near the upper boundary of the triangle resistance line. At the same time, the ascending triangle support line continues to provide short-term support, keeping the market in a compression phase.
My Scenario & Strategy
As long as EURUSD remains below the 1.1660 resistance zone and continues to respect the triangle resistance structure, the bearish scenario remains valid. A rejection from current levels could push price toward the 1.1590 support zone (TP1).
However, if EURUSD breaks above the 1.1660 resistance zone and confirms a breakout of the triangle resistance, the bearish outlook would weaken and a stronger bullish continuation could develop.
For the full interactive chart, see the original idea on TradingView. Your likes, boosts, and thoughtful comments there are always welcome and help the community grow. 😉
https://www.tradingview.com/chart/EURUSD/7AqhJA6H-EURUSD-Triangle-Structure-Points-to-Possible-Drop-Toward-1-1590/
XAUUSD: Holding Key Support, Upside Scenario Remains Valid
Hello everyone, here is my breakdown of the current XAUUSD setup.
Market Analysis
XAUUSD previously traded inside a broad consolidation range after a sharp decline from higher levels. During this phase, price repeatedly reacted between the 4,530 Resistance Zone and the 4,420 Support Zone, confirming a balanced market structure.
Currently, XAUUSD is trading above the 4,420 Support Zone while forming a recovery from the lower boundary of a large wedge pattern. The recent rebound from support suggests that buyers remain active, while the 4,530 Resistance Zone and the wedge resistance line continue to act as the main upside barriers.
My Scenario & Strategy
My scenario: as long as XAUUSD remains above the 4,420 Support Zone and respects the wedge support line, the bullish recovery remains valid. A continuation higher could push price toward the 4,530 Resistance Zone (TP1), where sellers may become active again.
However, if XAUUSD breaks below the 4,420 Support Zone, the bullish setup would weaken and a deeper decline could follow.
For the full interactive chart, see the original idea on TradingView. Your likes, boosts, and thoughtful comments there are always welcome and help the community grow. 😉
https://www.tradingview.com/chart/XAUUSD/pghkSRqq-XAUUSD-Holding-Key-Support-Upside-Scenario-Remains-Valid/
BTCUSDT: Rebounds From Major Support – Recovery Toward $69K?
Hello everyone, here is my breakdown of the current BTCUSDT setup.
Market Analysis
BTCUSDT previously traded inside an upward channel before breaking below the structure and falling under a long-term descending trendline. After the breakdown, price formed multiple consolidation ranges, each followed by bearish breakouts, confirming strong selling pressure.
Currently, BTCUSDT is trading above the 65,500 Support Zone while remaining below the 69,000 Resistance Zone, which is now acting as the key supply area. Price recently experienced a sharp decline into support and is attempting a short-term recovery from the lower boundary of the move.
My Scenario & Strategy
My scenario: as long as BTCUSDT remains above the 65,500 Support Zone, the recovery scenario remains valid. A continuation higher could push price toward the 69,000 Resistance Zone (TP1), where sellers may become active again.
However, if BTCUSDT breaks below the 65,500 Support Zone, bearish momentum could accelerate and trigger a deeper decline toward lower demand levels.
For the full interactive chart, see the original idea on TradingView. Your likes, boosts, and thoughtful comments there are always welcome and help the community grow. 😉
https://www.tradingview.com/chart/BTCUSDT/QJBQiPpB-BTCUSDT-Rebounds-From-Major-Support-Recovery-Toward-69K/
EURUSD: Consolidation Indicates a Potential Drop To The 1.1610
Hello everyone, here is my breakdown of the current EURUSD setup.
Market Analysis
EURUSD previously traded inside a broad range before breaking lower and forming a clear descending channel, confirming growing bearish pressure. After several failed attempts to regain bullish momentum, price continued respecting the channel structure.
Currently, EURUSD is trading inside a consolidation range between the 1.1610 Support Zone and the 1.1660 Resistance Zone. A recent breakout above the range failed to hold, creating a fake breakout near resistance and signaling that sellers remain active around the upper boundary.
My Scenario & Strategy
My scenario: as long as EURUSD remains below the 1.1660 resistance zone and continues to respect the descending channel structure, the bearish bias remains valid. A rejection from current levels could push price back toward the 1.1610 support zone (TP1).
However, a confirmed breakout above resistance would weaken the bearish outlook and open the door for a broader recovery.
For the full interactive chart, see the original idea on TradingView. Your likes, boosts, and thoughtful comments there are always welcome and help the community grow. 😉
https://www.tradingview.com/chart/EURUSD/hJOgppNm-EURUSD-Consolidation-Indicates-a-Potential-Drop-To-The-1-1610/
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