- The trend over the last 4 days of analysis has consistently been a down trend for EURUSD. Multiple ideas and forecasts have targeted further downside pressure.
- The median support level cited as potentially invalidating the bearish trend is around 1.06369. If price were to close and stabilize above this level on a daily or 4H chart, it could signal upside momentum.
- Other zones mentioned that may invalidate the down trend include:
- Daily close above the pivot point resistance at 1.06914 cited in earlier analyses
- Break and close above 1.07449 resistance, as identified in one 4H forecast
- Sustained move and close above the 1.08289 resistance level, which was the median upside target mentioned
- Breaking down through supports like 1.06036 could additionally strengthen the case for continued bearish pressure, rather than invalidating the current trend.
So in summary, based on the past 4 days of EURUSD ideas, a move into the 1.06369-1.07449 price range on daily or 4H closure could potentially signal an invalidation of the prevailing down trend over the period analyzed.