EURUSD: Structure Analysis
EURUSD: Structure Analysis
EURUSD encountered strong resistance near 1.0530.
After testing this zone multiple times, the price declined to the previous structure zone from February 19th. The selling pressure intensified further following positive US data on Thursday, leading to a break below the structure zone.
Currently, EURUSD points to a further decline to 1.0310
If the current broken support, now turned resistance, prevents the price from rising, EURUSD is likely to continue its downward movement towards the second structure zone near 1.0310.
If the price breaks below this second zone, it could decline even further.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EURUSD encountered strong resistance near 1.0530.
After testing this zone multiple times, the price declined to the previous structure zone from February 19th. The selling pressure intensified further following positive US data on Thursday, leading to a break below the structure zone.
Currently, EURUSD points to a further decline to 1.0310
If the current broken support, now turned resistance, prevents the price from rising, EURUSD is likely to continue its downward movement towards the second structure zone near 1.0310.
If the price breaks below this second zone, it could decline even further.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.