EUR/USD is currently trading around 1.1500-1.1520, with a bearish structure still intact. Here’s a potential trade idea:
Bearish Scenario:
– Entry: Short EUR/USD if it breaks below 1.1480, with targets at 1.1390 and 1.1252 (38.2% retracement of 1.0176 to 1.1917).
– Stop-loss: Above 1.1655 resistance.
Bullish Scenario:
– Entry: Long EUR/USD if it breaks above 1.1655, with targets at 1.1727 and 1.1917.
– Stop-loss: Below 1.1561 support ¹ ².
Keep in mind that the overall trend is still bearish, and any rallies may be short-lived. However, if EUR/USD breaks above 1.1655, it could signal a shift in momentum.
