After reviewing the 12M, 2M, and currency indexes — this isn’t just a bounce, it’s a potential macro reversal.
EUR/USD (2M Chart)
We’ve now got two Morning Star Dojis followed by a bullish engulfing — price is climbing steadily toward 1.16319 (neckline zone). If we break and retest clean, 1.25560 becomes a high-probability target. I view this as the neckline of a multi-year W-formation.
💶EUR Index (16D Chart)
The breakout has already occurred. Retest is happening now around the 1.057 zone. Fibonacci structure supports continuation, and volume confirms strength. If momentum holds, 1.085 – 1.130+ are valid extensions.
💵 USD Index (DXY - 16D Chart)
Meanwhile, the dollar is breaking down from a neckline around 98. If the 97–98 range gives way, we may revisit 88.253, confirming a shift in USD dominance.
🌐 Fundamental Alignment:
The Eurozone is pushing hard for digital transformation, with the ECB advancing legislation on the digital euro. Christine Lagarde has been vocal about blockchain innovation — and XRP’s involvement in cross-border integration is no coincidence.
🎯 Key Price Levels:
1.16319: Neckline (retest zone)
1.25560: Mid-term target
1.60195: Macro expansion (long-term, structure-dependent)
📌 I encourage all traders to zoom out and track structure across multiple timeframes. Sometimes the past holds clues to the future.
EUR/USD (2M Chart)
We’ve now got two Morning Star Dojis followed by a bullish engulfing — price is climbing steadily toward 1.16319 (neckline zone). If we break and retest clean, 1.25560 becomes a high-probability target. I view this as the neckline of a multi-year W-formation.
💶EUR Index (16D Chart)
The breakout has already occurred. Retest is happening now around the 1.057 zone. Fibonacci structure supports continuation, and volume confirms strength. If momentum holds, 1.085 – 1.130+ are valid extensions.
💵 USD Index (DXY - 16D Chart)
Meanwhile, the dollar is breaking down from a neckline around 98. If the 97–98 range gives way, we may revisit 88.253, confirming a shift in USD dominance.
🌐 Fundamental Alignment:
The Eurozone is pushing hard for digital transformation, with the ECB advancing legislation on the digital euro. Christine Lagarde has been vocal about blockchain innovation — and XRP’s involvement in cross-border integration is no coincidence.
🎯 Key Price Levels:
1.16319: Neckline (retest zone)
1.25560: Mid-term target
1.60195: Macro expansion (long-term, structure-dependent)
📌 I encourage all traders to zoom out and track structure across multiple timeframes. Sometimes the past holds clues to the future.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.