EURUSD Forecast Market Analysis

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EURUSD Forecast Market AnalysisEUR/USDOANDA:EURUSDJohnsonForexTraderEURUSD 🔹EURUSD initially moved lower on the lower timeframes, confirming a bearish breakdown after losing a significant support zone. Strong bearish candles drove the pair lower before price entered a period of consolidation, where the previous support has now turned into resistance. 🔹Although the market is attempting a short-term recovery with bullish candles, price is approaching a key resistance zone and a descending trendline. Unless buyers achieve a decisive breakout, this area could act as a strong barrier and attract fresh selling pressure. The current market structure continues to favor the bearish trend, making the resistance zone a critical area to watch for confirmation. 🔹Technical Targets Target 1: 1.14000 Target 2: 1.13800 Target 3: 1.13700 🔹Trading Plan Watch for a clear rejection from the resistance zone or a confirmed failure to break above the descending trendline. Such confirmation may provide a high-probability short opportunity. Always trade with proper risk management and wait for price confirmation before entering. 🔹Support My Analysis 👍Like this idea if you found it helpful. 💬 Comment below and share your market view. Follow my TradingView profile for professional Forex, Gold, Crypto, and Indices analysis, high-probability trade setups, and consistent technical insights. Trade with patience. Follow the trend. Let price action lead the way.