🚨 $EUR /USDT ALERT on the 1-Hour Chart 🚨
The EUR/USDT pair has been trending downwards, dropping over 1% in the past 24 hours. It recently hit a low of 1.0600 after reaching a high of 1.0799, showing a clear decline and potential for further bearish movement. The current price is at 1.0615, indicating ongoing selling pressure.
💡 Entry Price: 1.0615
Key Levels to Watch:
Resistance: 1.0700 – If EUR retraces to this level, a failure to break above could lead to continued selling pressure.
Support: 1.0600 – Holding above this support is crucial to prevent a further drop.
🎯 Take-Profit Targets:
1. Target 1: 1.0580
2. Target 2: 1.0550
3. Target 3: 1.0500
🔻 Stop Loss: 1.0650 – This level helps minimize losses if the pair reverses unexpectedly.
⚠️ Cautionary Note: Monitor the stability around the 1.0600 level closely. Any breakdown below could accelerate the bearish trend, while a bounce might provide a brief recovery opportunity. Be prepared for potential volatility in either direction.
