EUR/USD 1H Chart Analysis

11月9日

EURUSD

This chart presents three speculative scenarios for the EUR/USD 1-hour timeframe. Please note that these are purely speculative and not guaranteed outcomes:

Scenario 1 (Downtrend Continuation): If the price fails to hold support around the current level, we could see a further decline, as indicated by the green arrow. This would suggest a bearish continuation, possibly targeting lower support zones.

Scenario 2 (Moderate Bullish Rebound): If the price finds support here and reverses, it might climb to the first order block (OB 1H) area, indicated by the white arrow. This scenario suggests a moderate retracement.

Scenario 3 (Strong Bullish Rally): In this more optimistic scenario, the price could rally significantly and reach the upper resistance level around the OB 1H area above, as shown by the blue arrow.

The RSI indicator at the bottom shows a recent downtrend with possible oversold conditions, which could indicate a potential for reversal.

These scenarios are speculative and should not be taken as certain information or financial advice. Always consider the risks and conduct your own analysis before making trading decisions. EURUSD