互联财智
06/23 14:10
Looking at the EUR/USD 30-minute chart,$EUR
the bears are clearly in control as the price action breaks below key support levels. Here is a breakdown of what the technical indicators are
showing:
🔻 Key Highlights: $EUR
Price Action: The pair has convincingly broken below the crucial blue support line at 1.1420 and is currently hovering around 1.1400.
Moving Averages & Bollinger Bands: The price is trading well below the MA 50 (blue line) and the MA 20, pushing against the lower band of the Bollinger Bands, confirming strong downward momentum.
RSI Indicator: The RSI is hovering near the oversold zone (around 30), reflecting intense selling pressure. While a short-term relief bounce is possible, the overall trend remains heavily bearish.
🎯 Trading Targets:$EUR
Immediate Target: If the bearish momentum continues, the next logical stop is the first red support line at 1.1375.
Extended Target: A break below 1.1375 could quickly drag the price down to the major support level at 1.1355 (as indicated by the blue arrow).
Resistance/Invalidation: Any recovery needs to clear 1.1420 and 1.1440 to invalidate this bearish bias.
What are your thoughts? Are you shorting EUR/USD here, or waiting for a bounce? Let me know in the comments! 👇
#EUR #TradingSignals #BTC
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