⚠️ $EUR /USDC at Key Support – Breakdown or Bounce? 📉📈
EUR/USDC is trading at 1.1707 on the 4H timeframe, holding just above major trendline support near 1.1681 after a prolonged descending channel. Price action is tight, and the next few candles will be critical.
📌 Current Price: 1.1707
📉 Support Zone: 1.1680
📈 Resistance Levels: 1.1713 and 1.1745
A break below the red trendline support may trigger further downside, but if bulls defend the zone and reclaim 1.1713, a relief bounce toward upper trendline resistance could follow.
🎯 Upside Targets if Reversal Happens:
Target 1: 1.1740
Target 2: 1.1775
Target 3: 1.1800
If support cracks and volume spikes, downside continuation toward 1.1650 is on the table. Watch closely—this setup is coiled for a move.
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