EUR/USD 1H Chart Breakdown!
Bearish Setup in Play!
EUR/USD is trading within a supply zone (1.08938 – 1.09121) and showing signs of rejection. If the price sustains below this area, we could see a deeper move downward.
Key Levels to Watch:
Supply Zone: 1.08938 – 1.09121
Target: 1.08350
️ Break Below 1.08938 Expect bearish continuation
Trade Idea:
Sell Below: 1.08938
Target: 1.08350
Stop Loss: Above 1.09121
Market Sentiment:
Bearish bias while below 1.08938. If price breaks above 1.09121, a reversal to the upside may occur.
Watch for confirmations before entering a trade!
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