EUR/USD – H1 - Fundamental Pressure Takes Control
📝 Description🔍 Setup (Fundamental + Technical) FX:EURUSD
EUR/USD has lost bullish structure after breaking below the rising trendline and confirming a bearish retest. Price is also trading below the Ichimoku cloud, with a bearish cloud crossover, signaling trend weakness.
📉 Fundamental catalyst:
1.Announcement of a new Fed Chair and political agreement to avoid a U.S. government shutdown
2. This reduces uncertainty and supports USD strength, pressuring EUR/USD lower
📍 Support & Resistance
🟨 Resistance Zone: 1.1980 – 1.2030
🟥 1st Support: 1.1715
🟥 2nd Support: 1.1620
Volume profile shows thin demand below, favoring continuation
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⚠️ Disclaimer
This analysis is for educational purposes only.
Trading involves risk — always use proper risk management and trade with confirmation.
💬 Support the Idea👍 Like if you see EUR/USD heading lower
💬 Comment: Sell the retest or wait for breakdown continuation?
🔁 Share with traders watching USD fundamentals