OL/USD – Bearish Rejection from Supply Zone

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OL/USD – Bearish Rejection from Supply ZoneOL/USDCAPITALCOM:OLUSDMarketStrategysignals# 🛢️ OL/USD – Bearish Rejection from Supply Zone 📉 ### 🔍 Market Overview OL/USD is approaching a key **resistance/supply zone** around **0.00645 – 0.00655**, where sellers have previously stepped in. Price is showing a gradual recovery, but the structure remains vulnerable beneath major resistance. ### 📊 Technical Outlook ✅ Price is moving toward a strong resistance area. ✅ Previous rejections from this zone suggest selling pressure may return. ✅ If the resistance holds, a bearish move toward the **order block near 0.00580** is possible. ✅ A breakout above resistance could invalidate the bearish scenario and target higher liquidity levels. ### 🎯 Key Levels 🔹 Resistance: **0.00645 – 0.00655** 🔹 Weekly High: **0.00725** 🔹 Bearish Target: **0.00580** 🔹 Major Support: **0.00540** ### 💡 Trading Idea 📉 **Bearish bias while below resistance.** Watch for rejection candles inside the supply zone before considering short opportunities.