EUR/USD – BEARISH BIAS IN PLAY, IS A FAKEOUT COMING?
🧠 Market Context:
After a technical rebound earlier this week, EUR/USD is now consolidating inside a symmetrical triangle. Despite buyers attempting a breakout, low volume and price action still below the 200 EMA indicate weak bullish momentum.
The DXY is recovering on expectations the Fed will hold rates higher for longer.
Meanwhile, the Euro lacks fundamental support as the ECB remains cautious with policy moves.
👉 Given the current technical setup, the higher probability scenario (70%) is a bearish breakout, continuing the dominant downtrend.
📊 Trade Scenarios for Today:
✅ High Probability – SITUATION 1 (70%):
Price breaks below the triangle’s base near 1.1185–1.1190 and continues lower toward the 1.1110 demand zone.
⛔ SELL ZONE: 1.1210 – 1.1220 (after minor retest of broken trendline)
🎯 TP: 1.1180 → 1.1150 → 1.1120 → 1.1100
🛑 SL: 1.1245 (above EMA200)
🚨 Lower Probability – SITUATION 2 (30%):
Price breaks out and closes firmly above the triangle and 200 EMA (~1.124x) → short-term bullish reversal.
🔵 BUY ZONE: 1.1250 – 1.1260 (only after confirmed breakout with volume)
🎯 TP: 1.1290 → 1.1325 → 1.1350
🛑 SL: 1.1215
🔍 Key Technical Levels & EMA:
Resistance (200 EMA on H1): ~1.1247
Major Support Zones: 1.1180 – 1.1150 – 1.1110
🎯 Execution Strategy:
Favor short setups unless a clear bullish breakout occurs above 1.1247 with strong volume.
Watch for a breakdown and retest below 1.1180 to confirm bearish continuation.
Avoid premature entries — let price come to your levels.
⚠️ News to Watch:
No major data today, but USD is still sensitive to Fed tone and macro headlines.
Keep an eye on Fed speakers later in the NY session for potential impact on dollar direction.
✅ Final Thoughts:
The triangle pattern is coiling tight, but overall momentum favors sellers.
Expect liquidity sweeps and volatility traps, especially around session transitions.
Stick to your plan, respect your levels, and let the market decide the breakout direction.
🧠 Market Context:
After a technical rebound earlier this week, EUR/USD is now consolidating inside a symmetrical triangle. Despite buyers attempting a breakout, low volume and price action still below the 200 EMA indicate weak bullish momentum.
The DXY is recovering on expectations the Fed will hold rates higher for longer.
Meanwhile, the Euro lacks fundamental support as the ECB remains cautious with policy moves.
👉 Given the current technical setup, the higher probability scenario (70%) is a bearish breakout, continuing the dominant downtrend.
📊 Trade Scenarios for Today:
✅ High Probability – SITUATION 1 (70%):
Price breaks below the triangle’s base near 1.1185–1.1190 and continues lower toward the 1.1110 demand zone.
⛔ SELL ZONE: 1.1210 – 1.1220 (after minor retest of broken trendline)
🎯 TP: 1.1180 → 1.1150 → 1.1120 → 1.1100
🛑 SL: 1.1245 (above EMA200)
🚨 Lower Probability – SITUATION 2 (30%):
Price breaks out and closes firmly above the triangle and 200 EMA (~1.124x) → short-term bullish reversal.
🔵 BUY ZONE: 1.1250 – 1.1260 (only after confirmed breakout with volume)
🎯 TP: 1.1290 → 1.1325 → 1.1350
🛑 SL: 1.1215
🔍 Key Technical Levels & EMA:
Resistance (200 EMA on H1): ~1.1247
Major Support Zones: 1.1180 – 1.1150 – 1.1110
🎯 Execution Strategy:
Favor short setups unless a clear bullish breakout occurs above 1.1247 with strong volume.
Watch for a breakdown and retest below 1.1180 to confirm bearish continuation.
Avoid premature entries — let price come to your levels.
⚠️ News to Watch:
No major data today, but USD is still sensitive to Fed tone and macro headlines.
Keep an eye on Fed speakers later in the NY session for potential impact on dollar direction.
✅ Final Thoughts:
The triangle pattern is coiling tight, but overall momentum favors sellers.
Expect liquidity sweeps and volatility traps, especially around session transitions.
Stick to your plan, respect your levels, and let the market decide the breakout direction.
⚜️ 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.