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Eur\usd

Bullish bounce?EUR/USD is falling towards the support level which is an overlap support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.1273 Why we like it: There is an overlap support level that lines up with the 38.2% Fibonacci retracement. Stop loss: 1.1164 Why we like it: There is a pullback support level that is slightly above the 78.6% Fibonacci retracement. Take profit: 1.1415 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
Bullish bounce off overlap support?The Fiber (EUR/USD) is falling towards the pivot and could bounce to the 1st resistance. Pivot: 1.1263 1st Support: 1.1166 1st Resistance: 1.1423 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
EURUSD: Bullish Megaphone unfolds its new bullish wave.EURUSD just turned bullish on its 1D technical outlook (RSI = 56.015, MACD = 0.004, ADX = 31.789) as it maintains a sustainable short term uptrend through a Bullish Megaphone pattern. The 1D MA50 has assumed the role of the medium term Support and the 3rd bullish wave is already under way. We expect it to repeat at least the previous +2.59% wave, having a TP = 1.14950. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
Deciphering EURUSD —Highest Level Since 2018 (1.40)This was a hard chart, I couldn't quite put my finger on it. I had to check multiple timeframes and several indicators, it was all mixed, plus, I had the geopolitical landscape in mind which made it even harder. All is clear after looking at the monthly timeframe. The weekly and daily MACD were also of help. MA200 revealed the trend. The RSI as well. Here is the conclusion: The Euro is going to rally against the dollar. Next long-term target is 1.40 as shown on the chart. There will be a strong rise on this pair. Current monthly candle is quite revealing, this month will close ultra-strong, super bullish signal. Four months closing green. Rising volume. I don't know how you trade this stuff but the trend is up. Betting with the trend can increase positive results. EURUSD is going up. Up, up, up, up, up, up, up. Namaste.
Long
by MasterAnanda
1
EURUSD Rally already underway on the 1D MA50.The EURUSD pair has been trading within a Channel Up since practically the beginning of the year. The recent rebound (May 12) on its 1D MA50 (blue trend-line) has technically started the pattern's new Bullish Leg. Given that the previous two have risen by +7.50% on average, and were both confirmed by a 1D MACD Bullish Cross like the one formed today, we expect a minimum +7.20% rise from the bottom. Our Target is 1.18500. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
Bearish reversal off pullback resistance?EUR/USD is rising towards the resistance level which is a pullback resistance that aligns with the 161.8% Fibonacci extension and the 61.8% Fibonacci projection and could reverse from this level to our take profit. Entry: 1.1429 Why we like it: There is a pullback resistance that lines up with the 161.8% Fibonacci extension and the 61.8% Fibonacci projection. Stop loss: 1.1572 Why we like it: There is a pullback resistance level that is slightly above the 100% Fibonacci projection. Take profit: 1.1267 Why we like it: There is an overlap support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
EURUSD: Weekly overviewThe indicated levels are determined based on the most reaction points and the assumption of approximately equal distance between the zones. These points can also be confirmed by the mathematical intervals of Murray. After reacting to the following zones, you can enter the trade. Place the stop loss slightly above/below the zone to which the reaction was shown. The profit point is the next zone. The drawn channels and their medians can also be considered as moving support and resistance. I usually use them as target points. * Zones are not disturbed in this analysis. This analysis is valid until the end of the week. ************************************** Important news that could change the direction of the trade: Monday: EURO CPI of April Friday: German GDP ************************************** We all now Trump tries to weaken USD to improve US trade efficiency, but all of these efforts might have reversal effects in short-term movements. Best Regards
Long
by AliSignals
Euro will start to grow from support and then leave pennantHello traders, I want share with you my opinion about Euro. Previously, price was moving confidently inside an upward channel, forming steady higher highs and higher lows. After a clear breakout from that structure, the price started consolidating inside a new pattern, an upward pennant. This formation usually appears as a continuation structure, where the market builds pressure before a new impulse. Currently, the price is trading near the middle of the pennant, after rolling down from the resistance line and rebounding up from the support area. The structure is compressing, and a retest of the support line near 1.1155 may occur before a breakout happens. Given the confluence of the pennant structure, the strong support area, and the previous bullish momentum, I expect the Euro to rebound again from the lower trend line and initiate an upward breakout. That’s why I set my TP 1 at the 1.1500 level, a logical target aligned with the upper boundary of the pattern and next key resistance. Please share this idea with your friends and click Boost 🚀 Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Long
by LegionQ8
6
Bullish bounce?The Fiber (EUR/USD) has bounced off the pivot and could rise to the 1st resistance. Pivot: 1.1263 1st Support: 1.1166 1st Resistance: 1.1423 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
1
Bearish reversal?The Fiber (EUR/USD) is rising towards the pivot and could reverse to the 1st support. Pivot: 1.1424 1st Support: 1.1263 1st Resistance: 1.1557 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
Bullish bounce off overlap support?EUR/USD is falling towards the support level which is an overlap support that lines up with the 38.2% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.1267 Why we like it: There is an overlap support level that aligns with the 38.2% Fibonacci retracement. Stop loss: 1.1140 Why we like it: There is a pullback support level that lines up with the 71% Fibonacci retracement. Take profit: 1.1425 Why we like it: There is a pullback resistance level that lines up with the 71% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
Bullish bounce?The Fiber (EUR/USD) has bounced off the pivot and could rise to the 1st resistance. Pivot: 1.1236 1st Support: 1.1147 1st Resistance: 1.1422 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
EURUSD: 4H Death Cross to push Channel Down much lower.EURUSD has turned neutral on its 1D technical outlook (RSI = 54.499, MACD = 0.002, ADX = 31.600) as the price approaches the top of the 1 month Channel Down. A rejection and LH is expected soon that will initiate the new bearish wave. The last one was -4.45%, so that gives a TP = 1.0900, which falls right on the S1 level and the HL trendline from the February 3rd low. Keep in mind also that the market formed the first 4H Death Cross since February 10th. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
Bearish drop?The Fiber (EUR/USD) is rejecting off the pivot and could drop to the 1st support. Pivot: 1.1273 1st Support: 1.1084 1st Resistance: 1.1371 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
Potential bearish drop?EUR/USD is reacting off the resistance level which is an overlap resistance and could drop from this level to our take profit. Entry: 1.1270 Why we like it: There is an overlap resistance level. Stop loss: 1.1374 Why we like it: There is a pullback resistance level that lines up with the 61.8% Fibonacci retracement. Take profit: 1.1139 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
EURUSD 1st 4H Death Cross after 7 months. Is it enough to short?The EURUSD pair just formed its first Death Cross on the 4H time-frame since October 04 2024. The last such formation signaled the bearish extension of the trend by breaking below its Higher Lows trend-line. That was a similar Higher Lows trend-line the price rebounded on on May 12, exactly on the 1D MA50 (red trend-line). With the 1D RSI on levels similar with that previous Death Cross, we will wait for confirmation before shorting again and the price to break is the Higher Low/ 1D MA50 Cluster. If broken, our Target will be just above the 0.618 Fibonacci from the bottom at 1.07350. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
EUR/USD DAILY PLAN – BREAKOUT CONFIRMATION OR FAKEOUT TRAP?EUR/USD DAILY PLAN – BREAKOUT CONFIRMATION OR FAKEOUT TRAP? 🧠 Macro Overview This week’s trading landscape is influenced by both European and U.S. developments: EU Side: There are no major macroeconomic releases ahead, but expectations are growing that the ECB may adopt a more dovish tone in upcoming meetings. If inflation continues to cool, the euro may face downside pressure. U.S. Side: Last week’s CPI and PPI data showed signs of cooling inflation, yet not enough for the Fed to shift gears. The U.S. dollar remains supported by the prospect of “higher for longer” interest rates. Global Sentiment: Ongoing U.S.–China tensions and trade policy updates in Europe are keeping risk appetite cautious. The EUR/USD pair is testing a key zone and may break out of the descending channel soon — or reject hard if buyers fail to hold. 📊 Technical Analysis (H1 Chart) EUR/USD bounced strongly from the 1.1160 – 1.1180 demand zone and is now testing the key resistance at 1.1237 — a confluence of descending trendline and the 200 EMA on the 1H chart. A clean breakout above and sustained hold of 1.1237 could pave the way toward higher resistance levels at 1.1270 and 1.1325. However, if the pair gets rejected at 1.1237, it may fall back to test the lower support at 1.1160 – 1.1180, possibly forming a range before a larger move. 📌 Key Levels to Watch 🔺 Resistance Levels: 1.1237 → Key confluence zone (EMA200 + trendline) 1.1270 → Previous swing high 1.1302 – 1.1325 → Upper resistance zone with Fibo confluence 🔻 Support Levels: 1.1180 → Immediate demand area 1.1160 → Critical trendline support A break below 1.1160 could trigger stronger bearish momentum 🎯 Trading Scenarios 1. Bullish Breakout Above 1.1237 🔹 Entry: 1.1240 – 1.1250 🔹 SL: 1.1210 🔹 TP: 1.1270 → 1.1302 → 1.1325 2. Bearish Rejection at 1.1237 🔻 Entry: 1.1230 – 1.1225 🔻 SL: 1.1255 🔻 TP: 1.1180 → 1.1160 3. Buy-the-Dip at Key Support 🔹 Entry: 1.1165 – 1.1170 🔹 SL: 1.1135 🔹 TP: 1.1200 → 1.1230 ⚠️ Key Notes: Avoid entering trades during chop between 1.1215 – 1.1237 unless breakout confirmation appears. Be cautious of liquidity grabs during London and NY session opens. Stick to tight risk management as market remains uncertain and range-bound. 📌 Conclusion: EUR/USD is at a decision point. Whether bulls take control or sellers defend key resistance will determine short-term trend direction. Trade the breakout or the reaction — not the prediction.
Long
by MMFlowTrading
2
Bearish drop?The Fiber (EUR/USD) is rising towards the pivot and could drop to the 1st support. Pivot: 1.1281 1st Support: 1.1051 1st Resistance: 1.1424 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
Bullish bounce?EUR/USD is falling towards the support level which is an overlap support that aligns with the 61.8% Fibonacci projection and could bouce from this level to our take profit. Entry: 1.1083 Why we like it: There is an overlap support level that lines up with the 61.8% Fibonacci projection. Stop loss: 1.1098 Why we like it: There is a pullback support level that lines up with the 138.2% Fibonacci extension. Take profit: 1.1265 Why we like it: There is an overlap resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
EURUSD - Shift In Momentum Confirmed!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈After breaking below the structure marked in orange, EURUSD's momentum has been shifted from bullish to bearish. EURUSD is currently rejecting the upper bound of its falling channel marked in red. Moreover, it is retesting the orange structure. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of structure and upper red trendline acting as a non-horizontal resistance. 📚 As per my trading style: As #EURUSD is around the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by TheSignalyst
4
EUR/USD – BEARISH BIAS IN PLAY, IS A FAKEOUT COMING?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.
Short
by MMFlowTrading
EUR/USD - Triangle Formation (16.05.2025)The EUR/USD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position around Trendline Of The Pattern. Target Levels: 1st Resistance – 1.1321 2nd Resistance – 1.1376 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
Long
by KABHI_TA_TRADING
16