EURUSD Bearish Outlook After Trendline Break

[lingriiddd]

Quick Summary

After breaking the ascending trendline, EURUSD is expected to continue moving lower. The market may target the previous two lows to collect liquidity, and there is currently no clear buy signal.

Full Analysis

The recent break of the ascending trendline on EURUSD changes the short term outlook and suggests that the market is preparing for a deeper move to the downside. This break indicates weakness in the previous bullish structure and opens the door for the pair to target lower liquidity levels.

Price is likely to continue its decline to sweep at least the last two lows. Whether the intention is to continue the broader downtrend or simply create a deeper correction before moving higher, the immediate expectation remains bearish.

At the moment, there is no strong buy signal. The market has not shown any clear rejection or shift in structure that would support a bullish entry. Until price reaches a meaningful demand zone and shows a convincing reaction, buying would carry unnecessary risk.

[Nahid Hossen]

That trendline break opened the door for deeper correction.

[Abdul Khan]

Dollar strength might continue dragging EU lower short-term.

[Rimon Khan]

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