EURUSD 1HOUR CHART TECHNICAL ANALYSIS NEXT MOVE POSSIBLE

This chart represents a EUR/USD (Euro to US Dollar) price analysis on the 1-hour timeframe with a trade setup.

Key Observations:

1. Resistance Rejection

The price has reached a strong resistance level around 1.05135 (blue line).

A potential rejection is expected from this area, leading to a bearish move.



2. Trade Setup (Sell Position)

The red zone represents the stop-loss area, meaning if the price goes above this zone (around 1.05325), the trade will be invalidated.

The green zone is the take-profit area, where the trader expects price to fall (around 1.04714).



3. Projected Price Movement

The black arrows indicate a bearish move after hitting resistance.

Price is expected to drop towards the support zone marked in red near 1.04714.




Conclusion:

If price continues to reject this resistance, it could be a good short (sell) opportunity.

A break above 1.05325 would invalidate the setup.

Traders might wait for further confirmation (like a bearish candlestick pattern) before entering.


Let me know if you need a deeper breakdown!