FX.co ★ Ambar Hassan | EUR/USD

I consider the lower boundary of the overbought zone, and I identify this boundary at the level of +1/8, specifically priced at 1.19629. I continue to regard this particular level, along with all possible associated trading events, as my basic and priority framework for decision-making in the long term. I view these technical markers as non-negotiable anchors in my analytical process. I reaffirm my commitment to this structured approach, as I believe it provides the clarity and consistency required for navigating complex market conditions. I see the current price action as a direct reflection of the underlying supply and demand imbalances, and I interpret these imbalances as confirmations of my broader directional bias. I do not waver from this perspective, as I have tested its validity across multiple timeframes and market scenarios. I trust the methodology I have adopted, and I rely on it to guide my execution with precision and discipline

I assert that, in the short term, I anticipate a further downward movement of the currency pair, and I project this movement toward the border of the main level 8/8, which I calculate at 1.17188. I believe the price will respect this target with increasing momentum as it approaches the zone. I also maintain that, in the medium to long term, I expect a more sustained attempt to develop a genuine downward trend, and I define the primary objective of this trend as a decisive reach toward the main support and resistance level of 4/8. I am convinced that the asset will inevitably update the local short-term minimum of the short-term Zig Zag indicator, and I anticipate that it will simultaneously challenge the lower control point, which I measure at 316.2 points. I predict that the price will not merely approach the border of 8/8 at 1.17188, but I also foresee it breaking this level from top to bottom with conviction. I insist that consolidation below this specified border is essential for confirming the structural shift I am tracking. I therefore monitor the price action closely for sustained closes beneath this threshold. I identify the immediate target of this downward movement as the boundary of the auxiliary level, which I recognize as the functional center of the 8/8 --- +1/8 price channel. I regard this auxiliary boundary as a critical interim objective, and I integrate it into my sequential execution plan. I confirm that the schematic I have adopted as both my guide and my mandate for the short, medium, and long term remains unchanged. I preserve this framework in its entirety, as I consider it fully adequate for the challenges ahead. I execute based on this plan without hesitation, and I maintain full confidence in its logic and structure. I do not deviate from my strategy, and I continue to align every trading decision with this enduring roadmap.