$EURI – BEARISH PULLBACK AFTER SPIKE! SHORT SETUP ACTIVE
$EURI faced rejection near 1.1701 after a steady climb, showing early signs of a corrective pullback. The price is slipping below the 7-MA, hinting at waning momentum and a short-term retracement toward support levels near 1.166. With moving averages flattening, the pair could see mild downside consolidation.
Trade Setup (SHORT):
Entry Range: 1.1690 – 1.1700
Target 1: 1.1670
Target 2: 1.1650
Target 3: 1.1630
Stop Loss (SL): 1.1715
Market Outlook:
EURI remains in a tight range but is showing weakness after hitting upper resistance. A sustained move below 1.168 could confirm a short-term correction before stabilization.
