$EUL has broken below the crucial $8.50 support zone after multiple rejections near $9.00, confirming a bearish continuation setup. Sellers have regained full control, and the current retest of the breakdown area suggests another leg lower if downward pressure persists.
Trade Setup:
Entry: $8.15 โ $8.30
Target 1: $7.70
Target 2: $7.30
Target 3: $7.00
Stop Loss: $9.10
Market Outlook: Momentum remains strongly bearish as EUL continues to post lower highs and lower lows. Failure to reclaim $8.50 will keep selling pressure intact, with price likely heading toward the $7 zone before any potential recovery attempt.