EUR/USD Forecast – Bears in Control Ahead of US Jobless Data
🌐 Macro View: Dollar Regains Strength Amid Uncertainty
EUR/USD remains under selling pressure as the greenback finds renewed strength following midweek weakness. The market is bracing for fresh U.S. jobless claims data, expected to show a slight rise to 235K. A print below 220K could reignite USD demand, while a surprise above 240K may offer a temporary lifeline for the euro.
Amid geopolitical and economic turbulence, the euro continues to underperform as investors shift to the dollar for safety and yield advantage.
📉 Technical Outlook – MMF & Smart Money Perspective
The recent breakdown below 1.1600 confirms the bearish momentum. Based on the MMF (Market Momentum Flow) methodology, price action is currently moving within a controlled distribution structure, suggesting further downside potential.
Key zones identified from H1 structure:
OBS + FVG High Zone (1.1662 – 1.1687): Strong supply zone + volume imbalance.
1.1637: Mid-key level and possible liquidity magnet.
1.1616 – 1.1573: Ideal area for sweeping sell-side liquidity before any sustainable bounce.
If price reclaims 1.1662, intraday bullish correction may be in play. However, as long as 1.1687 holds, bears remain in control.
🧭 Trade Plan for Today
🔴 SELL ZONE: 1.1662 – 1.1687 (FVG + OBS Volume Zone)
SL: 1.1710
TP: 1.1637 → 1.1616 → 1.1590 → 1.1573
✅ Preferred entry zone aligned with high-volume imbalance & MMF rejection pattern.
🟢 BUY ZONE (Scalp Only): 1.1575 – 1.1580 (Sell-side Liquidity Zone)
SL: 1.1550
TP: 1.1612 → 1.1630 → 1.1645
⚠️ Use with caution — only upon clear price reaction at lower liquidity sweep area.
🔍 Strategy Insight
This is a classic scenario of a controlled pullback within a larger bearish structure. Patience is key — let price tap into imbalanced zones before executing. Given today's U.S. data, volatility may spike during the New York session, so risk management is crucial.
💬 What’s Your Take?
Do you expect EUR/USD to retest the 1.1550s zone, or could a surprise from U.S. job data flip the narrative?
👇 Drop your analysis below & follow for more MMF-based setups.
🌐 Macro View: Dollar Regains Strength Amid Uncertainty
EUR/USD remains under selling pressure as the greenback finds renewed strength following midweek weakness. The market is bracing for fresh U.S. jobless claims data, expected to show a slight rise to 235K. A print below 220K could reignite USD demand, while a surprise above 240K may offer a temporary lifeline for the euro.
Amid geopolitical and economic turbulence, the euro continues to underperform as investors shift to the dollar for safety and yield advantage.
📉 Technical Outlook – MMF & Smart Money Perspective
The recent breakdown below 1.1600 confirms the bearish momentum. Based on the MMF (Market Momentum Flow) methodology, price action is currently moving within a controlled distribution structure, suggesting further downside potential.
Key zones identified from H1 structure:
OBS + FVG High Zone (1.1662 – 1.1687): Strong supply zone + volume imbalance.
1.1637: Mid-key level and possible liquidity magnet.
1.1616 – 1.1573: Ideal area for sweeping sell-side liquidity before any sustainable bounce.
If price reclaims 1.1662, intraday bullish correction may be in play. However, as long as 1.1687 holds, bears remain in control.
🧭 Trade Plan for Today
🔴 SELL ZONE: 1.1662 – 1.1687 (FVG + OBS Volume Zone)
SL: 1.1710
TP: 1.1637 → 1.1616 → 1.1590 → 1.1573
✅ Preferred entry zone aligned with high-volume imbalance & MMF rejection pattern.
🟢 BUY ZONE (Scalp Only): 1.1575 – 1.1580 (Sell-side Liquidity Zone)
SL: 1.1550
TP: 1.1612 → 1.1630 → 1.1645
⚠️ Use with caution — only upon clear price reaction at lower liquidity sweep area.
🔍 Strategy Insight
This is a classic scenario of a controlled pullback within a larger bearish structure. Patience is key — let price tap into imbalanced zones before executing. Given today's U.S. data, volatility may spike during the New York session, so risk management is crucial.
💬 What’s Your Take?
Do you expect EUR/USD to retest the 1.1550s zone, or could a surprise from U.S. job data flip the narrative?
👇 Drop your analysis below & follow for more MMF-based setups.
Trade active
EURUSD Plan Playing Out as Expected – Watch Key Reversal ZoneThe EURUSD setup is unfolding exactly as anticipated, and the pair is now reacting at a key OBS Zone combined with the Fibonacci 0.618 retracement level. This confluence is crucial — traders should closely monitor price behavior here for potential reversal signals.
🔗 Chart view:
However, there's still a chance that price might sweep the entire H1 Fair Value Gap (FVG) Zone before initiating a proper pullback.
📈 Stay patient and wait for clear confirmation before entering any reversal trades.
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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.
⚜️ Trade with Money Market Flow, logic, Price action 📉📈
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 8 to 15 Signals VIP
Get quality daily trading signals and plans here
JOIN NOW
t.me/+IMP0jWwLSGNmYTRl
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 8 to 15 Signals VIP
Get quality daily trading signals and plans here
JOIN NOW
t.me/+IMP0jWwLSGNmYTRl
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.