EURHUF - Potential Sell At Key Resistance Level

1月12日

The EURHUF pair is currently testing a key resistance level, which has historically acted as a significant supply area.

The current uptrend has brought the price into this resistance zone, but the market appears to be losing momentum. If bearish signals emerge, such as reversal candlestick patterns (e.g., bearish engulfing or shooting star) or divergence on indicators like RSI, we could see a potential reversal.

I anticipate that a rejection from this resistance zone could lead the price lower toward the 402.932 level. This setup aligns with the idea of trend exhaustion near resistance, providing a potential short opportunity.

What’s your perspective on this analysis? Feel free to share your thoughts or any alternative scenarios in the comments!

1月13日

交易進行