EUR/USD (Euro vs US Dollar) chart on the
4H timeframe, here's the detailed analysis
Current Price: around 1.1613
Trend: Bearish (price below Ichimoku
Cloud and broken trendline support)
Market structure: Retesting previous
support zone as resistance — likely continuation to the downside
ーーー
•* Target Levels
1. Primary Target (next support): 1.1500 -
1.1480
Matches My chart's marked "Target Point"
This is the previous demand zone from early September
2. Extended Target (if bearish momentum continues): 1.1420 - 1.1400
This would be the next key support if price breaks below 1.1480 cleanly
ーーー
Resistance / Stop-Loss
Immediate resistance: 1.1660 - 1.1675 (old support now flipped to resistance)
Stop-loss: above 1.1700 (if daily candle closes above, downtrend invalidates)
Summary
Trend bias: Bearish continuation
Sell zone: 1.1600 - 1.1650
Target 1: 1.1500 - 1.1480
Target 2: 1.1420 - 1.1400
Stop-loss: above 1.1700
TRADE SAFE ALWAYS