๐ Euro Analysis โ EUR/USD
๐ June 19, 2026 | 1H Timeframe
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๐ Current Price: 1.14392
๐ Market Structure:
EUR/USD has been in a consistent downtrend
after forming highs near 1.1640 in May.
A sharp bearish candle on June 18 pushed
price to multi-week lows at 1.1439.
Price is now hovering near a key horizontal
support level (dotted red line on chart).
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๐ Key Levels to Watch:
๐ด Resistance:
- 1.1480 โ 1.1500 (recent breakdown zone)
- 1.1540 โ 1.1560 (strong supply area)
๐ข Support:
- 1.1422 โ 1.1440 (current demand zone)
- 1.1405 (next key level if selling continues)
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๐ Educational Breakdown:
EUR/USD is following a textbook
"Impulse and Retracement" structure:
Impulse: Sharp drop on June 18 โฌ๏ธ
Retracement: Small bounce at open โ๏ธ
Next Impulse: Possible if 1.1440 breaks
A strong USD is keeping pressure
on the Euro across the board.
Scenario A (Consolidation):
Price ranges between 1.1440โ1.1480
before giving a clear direction.
Scenario B (Further Drop):
Break below 1.1422 targets 1.1405 next.
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๐ง Concept of the Day:
"When price breaks a level strongly with
no pullback, it is called a Momentum Move.
Trading against such moves is high risk โ
always wait for structure to confirm."
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โ ๏ธ This is educational market analysis only.
Not financial advice. Always do your own
research before making any decisions.
August 10, 2026 31
