From TradingView · · 40s
EURUSD Pullback to Support
EURUSD shows bearish pullback toward key support with potential recovery.
In brief
EURUSD shows bearish pullback toward key support with potential recovery. EURUSD is pulling back toward 80,000-80,800 support after rejection from higher-timeframe Fair Value Gap. Originally reported by TradingView.
EURUSD Bearish Pullback
EURUSD shows short-term bearish momentum after strong rejection from higher-timeframe Fair Value Gap around 84,400, 84,800.
Key Support Zone
Price approaches 80,000, 80,800 region where next reaction may determine if decline continues or recovery develops.
Potential Scenarios
Bearish: Break below 80,000 exposes 79,700 and 78,800 support. Bullish: Support holds and price confirms bullish change of character toward 81,500 and 83,300.
Market Structure
BTCUSD has experienced multiple changes of character and breaks of structure reflecting shifting momentum throughout the chart.
In short
EURUSD is pulling back toward 80,000-80,800 support after rejection from higher-timeframe Fair Value Gap.
