Bears to dominate the pair Eur/Usd target @1.08359 oct forecast
Cập nhật
as we kick start a new Month so is the Eur/USD. It seems the Greenback is gaining some bullish momentum following the latest NFP report that being said my analysis is as follows Key Points from the Chart:
Current Price and Resistance:
The EUR/USD is trading around the 1.10085 area, this zone will be a key retest area for a possible bearish reversal. in the future suggesting that the price is likely to fall further after testing this level.
Support and Target Area:
my target level of tp 1. is @1.08359, my key unmitigated area where the institution will be eyeing to mitigate the orders, which also indicates the next potential support zone. this zone @1.07774 range is where likely the price will get exhausted, marked in Blue and the bulls might try to come back in and push the price back up
overall trend Bearish Momentum:
The EUR Ask is marked at 1.09763, and the overall structure appears to show bearish momentum.
The downward arrow on the chart indicates that the price might drop further toward the target area near 1.08359 after a retest at 1.10085.
Key Levels to Watch:
Possible Scenarios:
Bearish Continuation: If the price continues to reject the 1.10085 level, a further drop toward the 1.08359 target is likely, in line with the market trend.
Support Play: If the price reaches the 1.08359 level, it may find buyers, potentially pushing it back up toward the 1.10085 area for another retes
This is a bearish my Beariish outlook of the price that the pair might likely continue dropping unless it will finds strong support near the 1.08359 level. If the support holds, we could see the bulls stepping in but otherwise, it seems the downward trend might continue.
Current Price and Resistance:
The EUR/USD is trading around the 1.10085 area, this zone will be a key retest area for a possible bearish reversal. in the future suggesting that the price is likely to fall further after testing this level.
Support and Target Area:
my target level of tp 1. is @1.08359, my key unmitigated area where the institution will be eyeing to mitigate the orders, which also indicates the next potential support zone. this zone @1.07774 range is where likely the price will get exhausted, marked in Blue and the bulls might try to come back in and push the price back up
overall trend Bearish Momentum:
The EUR Ask is marked at 1.09763, and the overall structure appears to show bearish momentum.
The downward arrow on the chart indicates that the price might drop further toward the target area near 1.08359 after a retest at 1.10085.
Key Levels to Watch:
Possible Scenarios:
Bearish Continuation: If the price continues to reject the 1.10085 level, a further drop toward the 1.08359 target is likely, in line with the market trend.
Support Play: If the price reaches the 1.08359 level, it may find buyers, potentially pushing it back up toward the 1.10085 area for another retes
This is a bearish my Beariish outlook of the price that the pair might likely continue dropping unless it will finds strong support near the 1.08359 level. If the support holds, we could see the bulls stepping in but otherwise, it seems the downward trend might continue.
Đóng lệnh: đạt mục tiêu
US retail sales were up 0.4% in September Take 1st tp and close the account as will see a reversal after so it is better not to be greedy and grab the 1 st TP thanks 
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.