Don't miss the great SEE Opportunity in EURUSD

4-hour EUR/USD chart, here's the analysis and trade setup:

Current Price Movement:

The price is sitting on a critical support level in the 1.0900 - 1.0920 range, which aligns with a previous structure support zone (highlighted in blue).
The market has been in a bearish trend recently, making lower highs and lower lows.

Key Support and Resistance Levels:

Immediate Support: Around 1.0900 - 1.0920 (blue zone).
Immediate Resistance: Around 1.1050 (red zone), which was previously tested and acted as resistance.

Potential Buy and Sell Signals:

Sell Signal:

Entry: If the price breaks below 1.0900, it could lead to further downside momentum.
Stop Loss (SL): Set the stop loss above 1.0950 to manage risk.
Target (TP): First target at 1.0850, and if momentum continues, a secondary target near 1.0800.

Buy Signal:

Entry: If the price holds above the 1.0900 - 1.0920 support zone and shows a strong reversal.
Stop Loss (SL): Place the stop loss below 1.0870 to protect against downside.
Target (TP): First target at 1.1000, and if the bullish momentum holds, a further target around 1.1050.

Outlook:

The chart is showing a bearish bias overall with lower highs. However, if the support zone holds, it could offer a reversal opportunity for buyers.

A break below 1.0900 would signal further bearish pressure, while a bounce from this level could lead to a recovery toward 1.1050.