EURUSD (90m) Technical Analysis

EUR/USD TECHNICAL ANALYSIS REPORT – 90 MINUTE CHART

CURRENT MARKET OUTLOOK
The EUR/USD pair is currently in a downtrend, trading near key levels highlighted by pivot highs and lows. Price action indicates institutional activity with a focus around the Institutional Buying Target (Y) level at 1.0309. The pair is consolidating beneath key resistance levels, with a possible bearish continuation setup in play.

KEY LEVELS TO WATCH

• Resistance Levels:
  P2P Dynamic Higher TF High: 1.0437
  P2P GoPRO SX95 Sell Zone: 1.0424
  Sell Order (Dynamic Resistance): 1.0398
  
  
• Support Levels:
  Mid Pivot: 1.0309
  Target TP 1: 1.0349
  Target TP 3: 1.0276
  Dynamic Support (Higher TF Low): 1.0177
  
  
• Institutional Activity Zone:
  The price is respecting the Institutional Buying Target (Y) at 1.0309, acting as a critical pivot zone for potential reversals or bearish continuation.

PIVOT ANALYSIS
The pair is testing the pivot high resistance zones, which suggest overhead supply pressures near 1.0437 and 1.0424. Multiple rejections in this area indicate bearish sentiment. Pivot lows around 1.0276 and 1.0218 are key zones for potential bounce or continuation moves.

TREND DIRECTION & INDICATORS
Downtrend bias remains intact. The dynamic resistance and sell orders at 1.0398 and above highlight sellers' dominance. Short-term pullbacks may test these levels, but momentum is leaning bearish, targeting lower pivots.

TRADING STRATEGY

• Sell Opportunity: Look for sell entries around resistance levels:
  
  1.0398 (Dynamic Resistance)
  1.0424 (Sell Zone)
  
• Profit Targets:
  
  TP 1: 1.0349
  TP 2: 1.0309 (Institutional Buying Target)
  TP 3: 1.0276
  
• Risk Management:
  
  Stop Loss: Place above 1.0437 (Dynamic Higher TF High) for sell positions.
  
• Bullish Case: A breakout above 1.0437 may shift momentum, with upside targets at higher resistance zones.

CONCLUSION
The EUR/USD remains bearish, respecting critical pivot levels and institutional zones. Traders should focus on sell opportunities near resistance, with a strong emphasis on dynamic levels and institutional targets. A disciplined approach with tight stops above resistance is advised for short positions.

Trade wisely, and stay disciplined.