$EUL bearish setup
Entry Range: $1.412 - $1.425
Stop Loss (SL): $1.475
Take Profit 1 (TP1): $1.380
Take Profit 2 (TP2): $1.350
👉Reason
Moving Average Resistance: The price is currently trading below the key MA(25) at $1.425 and MA(99) at $1.463, indicating a prevailing bearish momentum on the hourly timeframe.
Rejection at Highs: The recent hourly candles show consecutive long upper wicks near $1.535, signaling strong selling pressure and a failed bullish breakout.
Lower High Structure: The chart is printing a structural shift toward a lower high, suggesting buyers are losing strength and momentum is shifting back to the downside.
#EULpriceExpected2026
#EULTrading #BinanceSquareTalks
Entry Range: $1.412 - $1.425
Stop Loss (SL): $1.475
Take Profit 1 (TP1): $1.380
Take Profit 2 (TP2): $1.350
👉Reason
Moving Average Resistance: The price is currently trading below the key MA(25) at $1.425 and MA(99) at $1.463, indicating a prevailing bearish momentum on the hourly timeframe.
Rejection at Highs: The recent hourly candles show consecutive long upper wicks near $1.535, signaling strong selling pressure and a failed bullish breakout.
Lower High Structure: The chart is printing a structural shift toward a lower high, suggesting buyers are losing strength and momentum is shifting back to the downside.
#EULpriceExpected2026
#EULTrading #BinanceSquareTalks