EUR/USD Market Analysis – Bearish Reversal from Key Resistance

16 בפבר׳

The EUR/USD pair has formed a bearish Bat harmonic pattern, completing near the 0.886 Fibonacci retracement level. Price action has reacted strongly at this resistance, indicating a potential reversal. The first target (T1) is around 1.0394, while the second target (T2) is near 1.0325, aligning with key Fibonacci levels. If the resistance holds, a bearish move towards these targets is likely. However, a sustained break above the high may invalidate the bearish setup. Traders should monitor price action closely for confirmation.

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