EUR/USD Overextended – High Probability Sell Setup

The EUR/USD pair has reached a significant resistance zone near 1.14000, where sellers previously showed strong activity. On the 2-hour chart, price action has formed an overextended rally into a well-marked supply zone, signaling a potential short opportunity.

A rejection from this level could lead to a multi-leg correction toward key support zones.

Trade Setup:

Entry Zone (Sell): 1.13500 - 1.14000

Stop Loss: Above 1.14200

Target 1: 1.11405

Target 2: 1.09999

Final Target: 1.08000

Risk to Reward: Approx. 1:3+


Technical Outlook:

The price is approaching a historical resistance level.

A clear divergence is forming between price and momentum.

Multiple support levels are mapped out as potential profit-taking zones.

This setup favors a swing trade style approach.


Disclaimer:
This idea is for educational purposes only. Always conduct your own analysis and manage your risk accordingly.