Best Short-Term Selling Areas for the EUR/USD

The EUR/USD pair has rebounded from daily and weekly supply zones

in a downward movement, breaking minor uptrends

and breaking important support levels and forming new daily supply zones.

The pair is currently making an upward corrective movement that may target

reaching the overlapping supply zones on the 4-hour frame

which coincide with the psychological levels at 1.1800

which are considered very important levels at the moment.

In the event of a decline, it is expected to reach the specified targets

on the chart at the levels of 1.17500 and 1.16900.

The analysis fails in the event of a breakout 

and close above the specified supply zones.

If the analysis fails, we may see another rise to the 1.1900 levels

which are considered very strong psychological levels 

and resistance on the daily frame.