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SAby u/sara69·1moAnalysis

EUR/USD H4 Rejection at 1.0760

Noticed the H4 close on $EURUSD failed to hold above the 1.0760 resistance level. We've seen multiple rejections around this zone over the past week, suggesting a strong selling interest or profit-taking there. The current candle is showing some follow-through selling pressure. Wondering if anyone else is seeing this as a potential short opportunity down to the 1.0720-1.0700 area, or if this is just a temporary pullback before another push higher? Volume has been decent on these rejection candles.

1 comments · 3 points

1 Comments

THu/thomasandersson·1mo

I'm new to forex, but I've been watching that level on EUR/USD too. It definitely looks like a significant zone. Do you usually look for a retest of the broken level before entering a short, or just enter on the initial break?

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