EUR/USD – Pullback or Recovery? All Eyes on ECB and Inflation Clues
Hey traders! 👋
After a tough drop earlier this week, EUR/USD is now finding its feet again near the 1.1240 area. We’re seeing some early bullish signs, but the bigger question is: Is this just a pullback or the start of a stronger recovery?
🔎 What’s going on?
Today, ECB’s Šimkus came out with some pretty dovish comments:
He warned that Eurozone inflation depends a lot on how the EU responds to trade policies from the US.
There's pressure to cut interest rates as soon as June, but it’s still unclear whether they’ll follow up again in July or September.
Growth risks remain due to geopolitics and Chinese goods flowing into Europe.
These hints of a possible rate cut added more weight on the Euro. But at the same time, we’re seeing buyers step in around key support zones, so price action could get interesting soon.
🧭 Key Levels to Watch
Resistance:
1.1278 – First level to break for bulls
1.1301 – Near-term resistance
1.1325 & 1.1353 – Highs to watch if momentum builds
Support:
1.1240 – Holding well so far
1.1198 – Key BUY zone
1.1160 – Last line of defence for bulls
🧠 Trade Plan for Today (May 9th)
✅ BUY IDEA:
Buy Zone: 1.1198
SL: 1.1138
TP Targets:
→ 1.1235
→ 1.1285
→ 1.1325
❌ SELL IDEA:
Sell Zone: 1.1301
SL: 1.1360
TP Targets:
→ 1.1265
→ 1.1225
→ 1.1185
📌 Final Thoughts
The pair is still inside a downward channel, so we need to be flexible. If EUR/USD breaks and holds above 1.1300, bulls could take control. But if it fails, we might see another dip back toward the lower range.
Keep an eye on macro data next week – especially inflation figures and any fresh ECB signals.
👉 Stay patient, trade your zones, and don’t chase! Let the setup come to you.
Good luck! 🚀
Hey traders! 👋
After a tough drop earlier this week, EUR/USD is now finding its feet again near the 1.1240 area. We’re seeing some early bullish signs, but the bigger question is: Is this just a pullback or the start of a stronger recovery?
🔎 What’s going on?
Today, ECB’s Šimkus came out with some pretty dovish comments:
He warned that Eurozone inflation depends a lot on how the EU responds to trade policies from the US.
There's pressure to cut interest rates as soon as June, but it’s still unclear whether they’ll follow up again in July or September.
Growth risks remain due to geopolitics and Chinese goods flowing into Europe.
These hints of a possible rate cut added more weight on the Euro. But at the same time, we’re seeing buyers step in around key support zones, so price action could get interesting soon.
🧭 Key Levels to Watch
Resistance:
1.1278 – First level to break for bulls
1.1301 – Near-term resistance
1.1325 & 1.1353 – Highs to watch if momentum builds
Support:
1.1240 – Holding well so far
1.1198 – Key BUY zone
1.1160 – Last line of defence for bulls
🧠 Trade Plan for Today (May 9th)
✅ BUY IDEA:
Buy Zone: 1.1198
SL: 1.1138
TP Targets:
→ 1.1235
→ 1.1285
→ 1.1325
❌ SELL IDEA:
Sell Zone: 1.1301
SL: 1.1360
TP Targets:
→ 1.1265
→ 1.1225
→ 1.1185
📌 Final Thoughts
The pair is still inside a downward channel, so we need to be flexible. If EUR/USD breaks and holds above 1.1300, bulls could take control. But if it fails, we might see another dip back toward the lower range.
Keep an eye on macro data next week – especially inflation figures and any fresh ECB signals.
👉 Stay patient, trade your zones, and don’t chase! Let the setup come to you.
Good luck! 🚀
⚜️ Trade with Money Market Flow, logic, Price action 📉📈
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 7 to 15 Signals Vip
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 7 to 15 Signals Vip
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 7 to 15 Signals Vip
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 7 to 15 Signals Vip
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.