$EUL is sliding into a historical support region after a 28% decline from its peak.

Trading Plan Long $EUL

Entry: 1.80 – 1.82

SL: 1.78

TP1: 1.88

TP2: 1.96

TP3: 2.10

The asset has fallen from 2.55 to 1.814 — a 28% drop. The RSI reading at 9 indicates severely oversold conditions. Volume is moderate but beginning to taper off, suggesting that sellers are losing conviction. The 1-hour chart shows a steady decline with lower lows, but the momentum is slowing down significantly. This region has historically attracted buyers, and support levels tend to hold until there's a significant shift in market structure. If buyers defend this zone, the next upside targets are 1.88 and 1.96, with a potential move toward 2.10 — a 16% upside from entry. The SL is placed tight at 1.78, below the recent low, offering a solid risk-to-reward setup.

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