EUR/USD Outlook: Bearish Momentum Below Key Pivot

Zaktualizowano
EUR/USD Analysis

The EUR/USD price is currently consolidating below the pivot line at 1.0680, showing bearish momentum. If this bearish trend continues, the next movement is likely to test support levels below.

Scenarios:
Bearish Scenario: If the price continues to trade below the pivot line (1.0680) and breaks below the immediate support at 1.0616, it may reach down to the next support at 1.0544. A close below 1.0616 would strengthen this bearish outlook.

Bullish Scenario: For a bullish reversal, the price needs to reclaim and stabilize above the resistance line at 1.0739. This move would suggest a shift towards higher targets, potentially testing 1.0861.

Key Levels:
Pivot Line: 1.0680
Resistance Levels: 1.0739, 1.0780, 1.0861
Support Levels: 1.0616, 1.0544, 1.0470

Trend Outlook: The bearish scenario is currently more accurate as long as the price remains below the pivot line and support levels are tested.

previous idea:
EURUSD Bearish Bias with Key Resistance at 1.0915
Zlecenie aktywne
EURUSD
Update

The price dropped about 150 pip as we mentioned above, so however still running to get 1.0476

in general :
stability above 1.0544 will be bullish to touch 1.0616
Stability under 1.0467 will be bearish toward 1.0390

snapshot
EURUSDSupply and DemandSupport and ResistanceTrend Analysis

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