EURUSD: Rebound is coming?

From a technical point of view, the trend is bearish on intraday chart, but if the pair manages to stay above wave B, an interesting technical bounce is possible. Looking at the 1H chart we have a resistance area (Target 1) around 1,060/1,063, here the pair could form a bearish harmonic structure (see chart below). If the pair triggers wave A breakout, the harmonic will fail and the swing will take the shape of an ABC Pattern.

HARMONIC RISK

Trade with care
Like | Share | Comment

Comment:

🔴 Trend is still bearish

Trade closed: target reached:

✅ Target1 | Resistance Area

Comment:

🔴 Swing is still bullish

Trade closed: target reached:

✅ After clearing the harmonic risk, the pair successfully reached our Target 2. Congratulations everyone!
For new updates, visit our website.

Trade closed: target reached: