EURUSD H1: Bears Remain in Control, but Is a Reversal Approaching?
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מחיר בעת הפרסום: 1.113800 · עכשיו 1.115360 (+0.14%, לטובת הרעיון)
EURUSD remains under strong bearish pressure, with ADX at 45.88 and -DI (24.08) significantly above +DI (10.21).
RSI at 27.06 signals oversold conditions, raising the possibility of a short-term corrective bounce.
Key levels to watch:
- Support: 1.1130 and 1.1103
- Resistance: 1.1187–1.1200 and 1.1272
A confirmed break below support could extend the decline, while a recovery above resistance may signal weakening bearish momentum.
My view: The trend remains bearish, but chasing sellers near support carries additional risk.
What do you expect next: continuation or a corrective rebound?
#EURUSD #ForexTrading #TechnicalAnalysis #MarketAPI
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