EURUSD Selling Pressure Builds - Support at 1.1460 Ahead

yesterday

Hello traders! Here’s my technical outlook based on the current EURUSD (3H) chart structure. Price initially moved inside a range before breaking down sharply, confirming strong bearish momentum. After the drop, EURUSD formed another consolidation range, which later broke to the downside, reinforcing the bearish trend. Currently, price is trading below the 1.1540 resistance (seller zone) and approaching the 1.1460 support (buyer zone). The market is also forming a lower high within a descending structure after rejecting the recent resistance trend line. As long as price remains below the 1.1540 resistance, the bearish bias stays valid. A continuation lower could push EURUSD toward the 1.1460 support (TP1), which is the main downside target. Please share this idea with your friends and click Boost 🚀

3 hours ago

Trade closed: target reached

As we expected, the euro price fell to our target and entered a consolidation phase at this level. The analysis worked perfectly!

LegionQ8

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LegionQ8

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