EUR_USD (204 Pips)

This Forex setup describes a bearish trend where the price is consistently making lower highs and lower lows over the last week. This indicates a downward trend in the currency pair, with sellers gaining control over the price action.

The analysis is based on:
Market Sentiment: There is an expectation of USD strength due to confidence in a potential Trump administration. This sentiment is causing investors to favor USD, pressuring the currency pair down.

Historical Support Level: The setup suggests the price is likely moving toward a significant support level from 12 months ago, at 1.04500. This level might act as a target for the current downward trend.

Potential Pip Movement: With a target level at 1.04500, this movement is anticipated to cover around 204 pips from the current price level. This can be substantial in a short-term Forex trade, signaling a possible opportunity for traders looking to capitalize on the USD strength.

In summary, this setup combines technical indicators of a downtrend (lower highs and lows) with fundamental USD strength, targeting a previous support level, suggesting a 204-pip decline.