EURUSD

Wait 5 sec.

EURUSD Euro / U.S. DollarFOREXCOM:EURUSDHAMED_AZHello Traders! 👋 What are your thoughts on EURUSD? EURUSD reacted strongly after reaching a major resistance zone and has now entered a corrective phase. The price has broken its short-term ascending trendline, which signals a potential shift in market structure and weakening bullish momentum. We expect the price to complete a pullback toward the broken trendline / supply zone. This area is likely to act as resistance, where consolidation and bearish rejection may occur. After the pullback is completed, the preferred scenario is a continuation of the downside. As long as price remains below the broken trendline and resistance zone, bearish pressure is expected to dominate. Don’t forget to like and share your thoughts in the comments! ❤️