Summary of the video outlining the tech
Swing Area Support and Buyer ConfidenceThe EUR/USD bounced off a critical swing area support, marked by previous highs and lows, signaling strong buyer interest. That area comes between 1.0332 to 1.0343.
50% Retracement Area in FocusThe pair extended higher reached a 50% retracement of its recent downtrend, coinciding with both hourly and daily charts, adding significance to this technical level. Those levels come at 1.04028 and 1.04053.
Resistance and Seller StrengthSellers displayed resistance near 1.04028-1.04053, causing a price pause and possible reversal opportunities.
Key Observations for TradersBuyers should monitor if the price area holds above 50% retracement for a bullish continuation, while sellers can capitalize on resistance at current levels.
