SHORTING EURUSD

Technical Overview:
Timeframe: Daily (1D)
Pair: EUR/USD
Indicator: EMA 21 (Exponential Moving Average)
Key Levels:
Resistance: ~1.05155
Support: ~1.03330
Psychological Level: 1.04550 (current price zone)
Major Support Zone: ~1.02500
Analysis:
Market Structure:

The market is in a retracement phase after a bullish move.
A bearish rejection at resistance (~1.05155) led to a pullback, which is now interacting with the 21 EMA and a possible support zone.
Price Action & Rejection:

The recent bearish candle pushed the price down, but there was an immediate rejection from a demand zone, leading to a bullish bounce.
This suggests that buyers are stepping in, showing potential support at the 1.0400 - 1.0450 zone.
Confluence Factors:

EMA 21 Acting as Dynamic Support: The price has previously respected the 21 EMA, and the latest reaction suggests it may hold as support.
Order Block/Reliquidity Grab: A small liquidity grab below the previous lows before bouncing indicates that smart money may be accumulating long positions.
Bullish Rejection Wick: The last candle shows buyer pressure, hinting at a possible move higher.
Trade Bias:

If the price holds above the EMA 21 and current support, bullish continuation is expected.
A break above 1.0455 could signal further bullish movement toward 1.05155.
However, if price breaks below 1.0400, it could indicate further downside toward 1.03330.