EUR/USD - Technical Analysis & Market Sentiment
📉 Bearish Bias
✅ Weekly Lower Breakout Confirmed - Price broke key weekly support, signaling a bearish trend. (+2)
✅ Recent 1HR Support Broken - Short-term weakness confirms continuation potential. (+2)
✅ Pullback Zone at 1.03843 - 1.03984 - A retest of this area could provide a selling opportunity. (+1)
✅ Bearish Fibonacci Confluence - 0.618 level at 1.03740 aligns with potential rejection. (+1)
🔻 Total Bearish Score: 6
📰 Sources:
Weekly Breakout & Downtrend - XTB
Short-Term Market Weakness - IFC Markets
📈 Bullish Bias
✅ Daily Fib Retracement Holding - Price reacting at 0.618 (1.03740), possible upward pullback. (+2)
✅ Potential Short-Term Rebound - If support holds, price could bounce towards 1.03979. (+2)
✅ USD Weakness from Lower Yields - A weaker USD could support short-term EUR gains. (+1)
🔹 Total Bullish Score: 5
📰 Sources:
Fibonacci Levels & Rebound Potential - RoboForex
USD Weakness from Bond Yields - Bloomberg
📊 Sentiment & Market Factors
📉 ECB Policy Uncertainty (- Bearish) - European Central Bank stance unclear, weighing on EUR. Source
📈 US Yield Decline (+ Bullish) - Falling Treasury yields could weaken USD. Source
📉 Risk-Off Sentiment Favors USD (- Bearish) - Market uncertainty boosting USD demand. Source
📌 Final Bias: Slightly Bearish (Score: 6 vs 5)
✅ Weekly Lower Breakout Confirmed - Price broke key weekly support, signaling a bearish trend. (+2)
✅ Recent 1HR Support Broken - Short-term weakness confirms continuation potential. (+2)
✅ Pullback Zone at 1.03843 - 1.03984 - A retest of this area could provide a selling opportunity. (+1)
✅ Bearish Fibonacci Confluence - 0.618 level at 1.03740 aligns with potential rejection. (+1)
🔻 Total Bearish Score: 6
📰 Sources:
Weekly Breakout & Downtrend - XTB
Short-Term Market Weakness - IFC Markets
📈 Bullish Bias
✅ Daily Fib Retracement Holding - Price reacting at 0.618 (1.03740), possible upward pullback. (+2)
✅ Potential Short-Term Rebound - If support holds, price could bounce towards 1.03979. (+2)
✅ USD Weakness from Lower Yields - A weaker USD could support short-term EUR gains. (+1)
🔹 Total Bullish Score: 5
📰 Sources:
Fibonacci Levels & Rebound Potential - RoboForex
USD Weakness from Bond Yields - Bloomberg
📊 Sentiment & Market Factors
📉 ECB Policy Uncertainty (- Bearish) - European Central Bank stance unclear, weighing on EUR. Source
📈 US Yield Decline (+ Bullish) - Falling Treasury yields could weaken USD. Source
📉 Risk-Off Sentiment Favors USD (- Bearish) - Market uncertainty boosting USD demand. Source
📌 Final Bias: Slightly Bearish (Score: 6 vs 5)
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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.
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.