EURUSD: Structure Analysis
EURUSD: Structure Analysis
EURUSD encountered strong resistance near 1.0530.
After testing this zone multiple times, the price declined to the previous structure zone from February 19th. The selling pressure intensified further following positive US data on Thursday, leading to a break below the structure zone.
Currently, EURUSD points to a further decline to 1.0310
If the current broken support, now turned resistance, prevents the price from rising, EURUSD is likely to continue its downward movement towards the second structure zone near 1.0310.
If the price breaks below this second zone, it could decline even further.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EURUSD encountered strong resistance near 1.0530.
After testing this zone multiple times, the price declined to the previous structure zone from February 19th. The selling pressure intensified further following positive US data on Thursday, leading to a break below the structure zone.
Currently, EURUSD points to a further decline to 1.0310
If the current broken support, now turned resistance, prevents the price from rising, EURUSD is likely to continue its downward movement towards the second structure zone near 1.0310.
If the price breaks below this second zone, it could decline even further.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.