EURUSD by LegionQ8 — TradingView

Hello traders! Here’s my technical outlook based on the current EURUSD (1H) chart structure. EURUSD previously rallied higher and formed a Rounding Top near the highs, where sellers rejected the upside and price turned around. Price then broke below the Trend Line and Seller Zone, shifting the short-term structure bearish. Currently, EURUSD is trading below the 1.1560 Seller Zone while holding above the 1.1500 Buyer Zone. The Rounding Top and recent breakdown suggest a possible continuation lower toward demand. As long as EURUSD remains below the 1.1560 Seller Zone and fails to reclaim the broken Trend Line, the bearish scenario remains valid. A continuation lower could push price toward the 1.1500 Buyer Zone (TP1). However, a breakout and close above 1.1560 would weaken the bearish outlook and increase the possibility of further upside. Please share this idea with your friends and click “Boost” 🚀