🚨 $EUR SHARP REVERSAL ALERT 🚨
EUR just faced a strong rejection from 1.1666, triggering heavy sell volume and a clean drop below all key MAs. Momentum has flipped bearish, and the pair is now sitting right on the 1.1600 decision zone — the level that will decide the next move.
📊 What the Chart Shows:
✅ Strong rejection from 1.1666
❌ Price under MA(7), MA(25), MA(99) — bearish shift
❌ MACD turned bearish
⚠️ High volatility zone — next candle is important
📌 Key Levels:
Support: 1.1610 – 1.1600
Breakdown: Below 1.1600 → 1.1580 / 1.1550
Resistance: 1.1645 – 1.1666
Bullish Flip: Above 1.1666
🎯 Trading Plan:
For Sellers: Watch for a clear breakdown below 1.1600 — targets 1.1580 → 1.1550
🔼 For Buyers: Only enter if price reclaims 1.1645–1.1666 with volume
🔮 Next Move (Most Likely):
Market is leaning bearish, and 1.1600 will be the decider.
A break = dump
A bounce = short squeeze retracement
My Advice:
Don’t chase entries. Let the chart confirm direction. This zone can produce a big move either way.
#EUR #ForexMarket #FXTrading #PriceAction #MarketAnalysis
