EUR/USD Bearish Trade Analysis
The EUR/USD pair has tapped into our Fibonacci high probability reversal zone, aligning with our Fair Value Gap (FVG). Next week, we can anticipate a potential bearish move, targeting the weekly low and filling the daily FVG.
FVG (Fair Value Gaps):
FVG zones visible on the chart.
The first FVG is in the current price zone, acting as resistance.
The second FVG is at a lower level, closer to the weekly low around 1.06182.
Liquidity Zone:
A liquidity zone is highlighted around the 0.786 and 0.886 Fibonacci retracement levels, indicating potential sell orders or stops.
Bearish Scenario:
If the resistance zone around 1.08627 holds, we could see a reversal, leading to a potential sell-off.
The price may drop to fill the lower daily and weekly FVG gaps, targeting the 1.06182 level.
Key support levels to watch would be around the 0.5 Fibonacci level and lower FVG zones.
FVG (Fair Value Gaps):
FVG zones visible on the chart.
The first FVG is in the current price zone, acting as resistance.
The second FVG is at a lower level, closer to the weekly low around 1.06182.
Liquidity Zone:
A liquidity zone is highlighted around the 0.786 and 0.886 Fibonacci retracement levels, indicating potential sell orders or stops.
Bearish Scenario:
If the resistance zone around 1.08627 holds, we could see a reversal, leading to a potential sell-off.
The price may drop to fill the lower daily and weekly FVG gaps, targeting the 1.06182 level.
Key support levels to watch would be around the 0.5 Fibonacci level and lower FVG zones.
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