EURUSD decline over or retest? For OANDA: EURUSD By mohamad-alhelwani — TradingView

This is a decision-making area…
This is not a random area.

▪️ A breakout of the major descending channel has occurred.
▪️ Price retests the broken trendline.
▪️ 1.1770 – 1.1780 clear operational support.
▪️ Key resistance levels 1.1885 – 1.1900.

The current trend is closer to a reversal accumulation phase than a correction in the decline.

If the price remains above 1.1780
It broke above 1.1840 and the hourly close was significant:

🎯1.1885
🎯1.1900
🎯1.1950

A break above 1.1900 would change the entire average picture.

🔴Alternative Scenario

Only a clear break below 1.1760
We might see:

1.1720
Then 1.1680

This will be a reactivation of the downtrend.

🟢 Logical purchase:
1.1780 – 1.1800
Stop loss: below 1.1760
Target: 1.1885→1.1950

🟢 Buy Momentum:
Breakthrough 1.1840
Target 1.1900+

🔴 Speculative selling only on breakout of 1.1760
Target 1.1720.

The most dangerous place to sell…
This happens immediately after the breakout of the descending channel.

Markets often retest…
Then he chose his true direction.

Now we are retesting.
A decision will be made soon.

Mohammad Halawani 🔱
Control Academy