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Trade Signal Description:
Symbols : EURUSD
Type : Sell
Enter : 1.1620
Stop Lost : 1.1675
Target A : 1.1580
Target B : 1.1520
Target C :
Risk : Medium
Description : EURUSD faces resistance near 1.1660 with potential downside toward 1.1520.

EURUSD Intraday Signal: Rejection Near 1.1660 Resistance

Analysis:

EURUSD on the 1-hour timeframe is currently trading inside a corrective recovery phase after forming a strong low near the 1.1520 demand zone. That bounce produced a Change of Character (CHoCH) and allowed the pair to recover toward the 1.1640–1.1660 supply zone.

However, the recovery stalled near 1.1660, where the chart shows a weak high. This area represents a key intraday resistance zone where selling pressure previously entered the market. The inability to sustain price above this level suggests that buyers are losing momentum.

Currently, EURUSD is trading around 1.1630, just below the resistance area. The recent upward move appears to be a retracement into liquidity, rather than a confirmed bullish trend reversal.

If price continues to reject the 1.1660 supply zone, the market may resume its downside movement toward nearby liquidity levels. The first downside target sits near 1.1580, followed by the 1.1520 demand zone, which previously acted as a strong low on the chart.

As long as EURUSD remains below 1.1660, the intraday bias favors bearish continuation.

Trade Setup:

Enter: Sell below 1.1620
Stop-Loss (SL): 1.1675
Target A: 1.1580
Target B: 1.1520

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At FastPip, we provide trading signals based on a variety of proven strategies. Each signal reflects the logic and indicators of a specific strategy — giving you a transparent view of market conditions and potential opportunities.

Our signals typically include up to three Take Profit (TP) levels. Here’s how to manage them effectively:

  • Once the price approaches TP1, move your Stop Loss (SL) to the entry point to make the trade risk-free, and adjust your TP to the second target.
  • When TP2 is reached, update your SL to the first TP level, and set your TP to the third target, if available.
  • If TP3 is the final target, close the trade entirely once it’s hit.
  • Alternatively, you may partially close the trade at each TP and let the remaining position run until the final TP.

Each signal also includes a risk level:
🔹 Low – Conservative setup
🔸 Medium – Standard volatility
🔴 High – Elevated risk due to market events or upcoming news

Important: When a signal is labeled as High Risk, it may be due to upcoming economic news or increased market volatility. In such cases, it’s strongly recommended to reduce your position

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The trading signals provided by FastPip are intended for informational and educational purposes only. They do not constitute financial advice or a recommendation to buy or sell any financial instrument.

Trading in financial markets involves significant risk, and past performance is not a guarantee of future results. You are solely responsible for any trading decisions you make based on our signals.

It is essential to:

  • Strictly follow the recommended Take Profit (TP) and Stop Loss (SL) levels. Ignoring these may lead to higher-than-expected losses.
  • Adjust your trade size according to your actual account balance.
  • Never trade with borrowed money, loans, or funds you cannot afford to lose.
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If you lack experience or financial knowledge, we strongly recommend seeking guidance from a licensed financial advisor.

 

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