EUR/USD Price Outlook – Trade Setup

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EUR/USD Price Outlook – Trade SetupEuro / U.S. DollarFOREXCOM:EURUSDATFX_GlobalπŸ“Š Technical Structure EURUSD EUR/USD rejected the 1.1750–1.1760 high area and has shifted into a short-term bearish structure. Price has broken below the prior 1.1705–1.1710 zone, turning it into resistance. The pair is now attempting a weak rebound, but as long as price stays below 1.1710, the structure favours another downside push toward support. Short-term bias: Bearish below 1.1710 🎯 Trade Setup (Sell on Pullback) Entry Zone: 1.1710 – 1.1715 Stop Loss: 1.1715 Take Profit 1: 1.1680 Take Profit 2: 1.1675 Risk–Reward Ratio: Approx. 1:3.26 πŸ“Œ Invalidation: A sustained break above 1.1715 would invalidate the bearish setup and shift momentum back toward 1.1750. 🌐 Macro Background EUR/USD remains pressured as the USD rebounds ahead of the Fed meeting. Middle East uncertainty and higher oil prices also weigh on the euro, especially with Brent above $100 and pressure on crude-importing Eurozone economies. πŸ”‘ Key Technical Levels Resistance Zone: 1.1710 – 1.1715 Support Zone: 1.1675 – 1.1680 Breakdown Level: Below 1.1675 Invalidation Level: 1.1715 πŸ“Œ Trade Summary EUR/USD has turned lower after rejection from the highs. Preferred strategy: Sell pullbacks below 1.1710, targeting a retest of 1.1680–1.1675. ⚠️ Disclaimer This analysis is for reference only and does not constitute trading advice. Financial markets involve significant risk; proper risk and position management are essential.