EUR/USD Analysis – Possible Scenarios🔹 Price is currently trading around 1.1421, consolidating between key supply and demand zones.
🔴 Supply Zone (Order Block 1H): 1.14360 – 1.14590
📌 Strong bearish reaction from this resistance area. First scenario: rejection from this OB and a move downward.
🔵 Demand Zone (Order Block 4H): 1.13050 – 1.13430
✅ If price fails to break the resistance, we could see a retracement to this OB. Bullish reaction here may offer long opportunities.
🟢 Fair Value Gap (FVG 1H): 1.11800 – 1.12220
📉 If OB 4H fails to hold, price could drop into this FVG area – a high-liquidity zone for potential reversal.
📊 Possible Scenarios:
1️⃣ Break and hold above OB 1H → price may extend toward next OB zone at 1.15150 – 1.15400
2️⃣ Rejection from OB 1H → pullback to OB 4H → possible long setup if confirmed
3️⃣ Break below OB 4H → deeper move into FVG 1H
‼️ Avoid premature entries – wait for valid confirmations.
🔍 Insight by ProfitaminFX
If this outlook aligns with your bias, or if you see it differently, feel free to share your perspective in the comments. Let’s grow together 📈
EURUSD
NQ100 → Entering the Danger Zone?📈 1. Technical Context (Price Action & Structure)
The daily chart shows a strong bullish continuation from the 17,350 area, with price now extending toward the 22,000 USD zone.
We are currently within a weekly/monthly supply, with:
Mild RSI divergence in overbought conditions
Temporary rejection at 22,050–22,200
A potential liquidity sweep above highs before distribution or pullback
The monthly structure shows a strong swing low that may serve as anchor for a future reversal
🧠 2. COT Report – Commitment of Traders (as of June 3)
Commercials (Smart Money):
+4,041 long | +3,320 short → Net +1,455 → hedging phase, not trend expansion
Non-Commercials (Speculators):
–2,237 long | +125 short → net exposure reduction
Open Interest increasing → new positions building, but no extreme imbalance
📌 Conclusion: Tactical neutrality, slight bullish lean from commercials.
📆 3. Seasonality
June has been historically bullish, especially in the past 2 years (+700 pts avg)
10Y average still leans bullish
⚠️ September is a clear seasonal reversal month across all timeframes
📌 Conclusion: Seasonal tailwind through end of June; cyclic reversal risk into Q3.
📰 4. Macro Calendar
High-impact USD week:
CPI – Wed, June 11
PPI – Thu, June 12
These will be critical to:
Validate the disinflation narrative
Set expectations for a Fed cut by Sep/Nov
📌 Conclusion: Expect explosive mid-week volatility — watch for liquidity spikes above 22,000 if CPI surprises.
⚙️ Operational Outlook
✅ Primary scenario (bullish continuation):
🎯 Target: 22,260 → fib extension + structure
❌ Invalid below 21,350
🔄 Alternative scenario (mean reversion):
🔻 Short from 22,050–22,200
🎯 Target: 20,950 → liquidity + FVG zone
🔁 Trigger: weekly engulf or hotter-than-expected CPI
SHORT | EUR/USD | 1DMacro: Dollar strength likely as uncertainty grows from USD economic data; ECB expected to trim dovish tone next week.
Structure: In consolidation after reaching envelope top (~1.1494); forecasting downside to 1.1387–1.1400.
Trigger & Execution:
• Entry: Short on break below 1.1380
• Stop: 1.14678
• Target: 1.12344
• R:R: ~1:2.36
Rationale: Profit-taking above envelope top supports pullback; structural risk limit remains.
EURUSD: heading toward double-top?The jobs data were in the spotlight of the US market during the previous week. The JOLTs job openings in April reached 7,391M, a bit hotter from market forecast of 7,10M. The Non-farm Payrolls in May added 139K new jobs, which was modestly higher from the forecasted 130K. The unemployment rate remained unchanged in May at the level of 4,2%. The average hourly earnings were higher by 0,4% for the month and 3,9% for the year. As for other posted data, the US ISM Manufacturing PMI for May was standing at 48,5, modestly below market estimate of 49,5. The ISM Services in May were standing at 49,9, lower from estimated 52,3.
Previous week on the European market was marked with an eighth rate cut by 25bps, bringing the reference rate to 2%. Potential further rate cuts will continue to be data-driven. The ECB also cut its inflation forecast till the end of this year to 2%, from 2,3% forecasted previously. At the same time, the posted flash inflation rate in the Euro Zone in May is 1,9% on a yearly basis, which was below market estimate of 2%. The core inflation continues to be a bit elevated, standing at the level of 2,3% y/y in May. EuroZone inflation in May was 0% compared to the previous month. The Producers Price Index in the Euro Zone in May was down by -2,2% for the month, and 0,7% on a yearly basis. The balance of trade in Germany in April had a surplus of euro 14B, which was significantly lower from estimated euro 20,2B.
During the previous week the currency pair was moving relatively slowly, within a short range. Fundamentals were shaping the investors sentiment. One one side, the ECB new cut of reference rates, while on the other side were relatively stable jobs data for the US market. The eurusd spent the previous week in a range between 1,1340 and 1,1450. There was a short move toward the 1,1490 on Thursday, but the market was not willing to test the 1,15 level on this occasion. Based on moves, the market is still not ready to move away from 1,14 lines. The RSI continues to move above the level of 50, indicating again that the market is not ready to take the path toward the oversold market side. The MA50 continues to diverge from its MA200 counterpart, without an indication of a potential change of course in the coming period.
The week ahead is bringing US inflation data for May as well as inflation expectations from the University of Michigan survey. In case of some negative movements in this segment, the market reaction might be triggered. In this case it could be expected further weakening of the US Dollar against Euro, and a trigger for testing of the 1,15 level. Highs from April this year at 1,1570 might easily become the market target. However, if May inflation holds at levels expected by the market, which could be the most likely scenario, then some short term straightening of US Dollar might take place. The first stop would certainly be the 1,14 level, while the next one stands at 1,1275. It is interesting to mention higher potential for double top formation in the technical analysis, which eurusd is currently modestly forming. In case that the double top is triggered in the coming week or two, then the next level for eurusd could be 1,12 level, where highs from September 2024 stands. However, this scenario, if it occurs, could be revealed within the next few weeks.
Important news to watch during the week ahead are:
EUR: Industrial Production in April in the EuroZone, final inflation rate in May for Germany
USD: Inflation rate in May, Producers Price Index in May, University of Michigan Consumer Sentiment preliminary for June.
Euro will correct a little and then continue to move up nextHello traders, I want share with you my opinion about Euro. Observing this chart, we can see how the price entered to upward channel, where it at once dropped from the resistance line to the support line and then started to grow. In a short time price rose to the 1.1210 level, broke it, and even rose a little more, but soon turned around and declined to the support line of the channel. Then the Euro made an upward impulse, and then broke the 1.1210 level one more time and continued to grow inside the channel. Later price reached the resistance line of the channel and then corrected, after which, in a short time rose to the support area, breaking the 1.1400 level. But soon the price turned around and dropped to the 1.1210 level, thereby exiting from channel. Next, Euro continued to grow inside the wedge, where it rose to the current support level and soon broke it. After this, the price rose to the resistance line of the wedge and then corrected, after which it made an upward impulse. Price exited from the wedge, and now I think that the Euro can make a correction, after the rise, and then continue to grow next. That's why I set my TP at 1.1560 points. 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.
EURUSD: Bullish Continuation is Expected! Here is Why:
Our strategy, polished by years of trial and error has helped us identify what seems to be a great trading opportunity and we are here to share it with you as the time is ripe for us to buy EURUSD.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
❤️ Please, support our work with like & comment! ❤️
GBP/USD Is This the Last Dip Before 1.37?🔹 1. Price Action & Technical Structure (Weekly & Daily Charts)
Price has broken above the ascending channel highlighted on the weekly chart.
The 1.3545 area is currently acting as dynamic resistance — a weekly close above it is crucial to confirm a breakout.
Below, we find a bullish order block (demand zone) around 1.3340 – 1.3280, aligning with the 0.5 Fibonacci level.
RSI is neutral, showing no bearish divergence at the moment.
🔹 2. COT Report (Commitment of Traders)
USD Index:
Non-commercial traders: +823 new longs, +363 new shorts → Neutral to bullish positioning.
Commercials remain net short, indicating short-term USD strength potential.
EUR FX (inverse proxy for USD):
Significant reduction in speculative long positions → Less bullish pressure on the Euro, favoring USD strength.
🔹 3. Sentiment
67% of retail traders are short GBP/USD vs. 33% long.
This is a bullish contrarian signal, suggesting potential continuation toward the 1.36–1.37 zone.
🔹 4. Seasonality
Historically, June tends to be bearish for GBP/USD over the past 5–10 years.
However, the first 10 days of the month often start with bullish momentum before correcting in the second half.
🔹 5. Economic Calendar
Today: Construction PMI (GBP), ECB Press Conference (EUR), Unemployment Claims (USD).
Tomorrow: High potential volatility across all USD pairs.
Watch out — upcoming macro data may strongly impact breakout confirmation.
🔹 6. Operational Outlook
Primary Bias: Neutral/Bullish with potential for a technical pullback.
📍 Key Levels:
Resistance: 1.3545 – 1.3593 (Supply zone + 0.0 fib)
Support: 1.3340 – 1.3280 (OB + 0.5/0.618 fib)
🧠 Scenario 1 – Bullish Continuation:
Retest of 1.3340 → long targeting 1.3590 / 1.3680
Confirmation on daily close above 1.3550
🔻 Scenario 2 – Bearish Retracement:
Rejection below 1.3550 + USD macro strength → drop toward 1.3280
If that breaks → extended move to 1.3170 / 1.3150
Corn at the Cliff Edge: Bearish Breakdown or Smart Money Trap?📉 1. Price Action & Technical Context (Weekly Chart – ZC1!)
Price is currently sitting around 439'0, after rejecting the 462'2 supply zone (gray block) and confirming rejection from the macro supply area between 472'6–480'0 (red block).
The last four weekly candles show a failed recovery attempt (three green candles trapped between two strong red ones), culminating in a bearish breakout below the intermediate demand zone (445'0–442'0).
Now, price is back inside the key demand zone between 439'0–433'4, an area with heavy volume and previous significant lows.
🔍 Technical takeaway: Bearish breakout confirmed. Price is testing the last major weekly support before opening the door toward the yearly lows (~420'0).
📊 2. Commitment of Traders (COT Report – May 27, 2025)
Non-Commercials (Speculators):
Long: 324,377 (▼ -17,952)
Short: 344,710 (▼ -9,171)
Net Position: -20,333 → Bearish, but the unwinding of both sides suggests profit-taking.
Commercials (Institutions):
Long: 766,211 (▲ +12,588)
Short: 713,647 (▼ -962)
Net Position: +52,564 → Increasing → Institutional accumulation.
🔎 Key observation: Commercials are increasing their net longs, while speculators are reducing exposure. This diverges from price action and may signal institutional accumulation under 440.
📉 3. Net Positioning vs Price (COT Chart)
The chart shows a clear decline in speculative longs since March, with a new low this week.
Meanwhile, commercials are gradually increasing their long exposure, positioning themselves against the current bearish trend.
💡 Combined view: While price keeps dropping, the "smart money" is accumulating → possible bottom forming, though not yet confirmed technically.
🌾 4. Seasonality
June Performance:
20-Year Avg: -4.25%
15-Year Avg: +12.31%
5-Year Avg: +1.15%
2-Year Avg: +28.61%
📈 Seasonal Conclusion: The seasonal bias has turned strongly bullish in the last 2–5 years. June–July is often a rally period for Corn following the late-May bottoms — likely tied to U.S. planting season dynamics.
EUR/USD Reversal Imminent? 5 Powerful ReasonsEUR/USD – Tactical Bearish Outlook Ahead of Key Reversal
EUR/USD is approaching a critical inflection point where multiple technical and fundamental signals are aligning to suggest a potential short-term reversal.
📉 1. Price Action & Technical Structure (1W / 1D)
The pair recently completed a clean bullish structure inside an ascending channel, originating from the 1.0600 demand zone and reaching into the key supply area between 1.1400–1.1550.
Recent price behavior indicates:
A weekly candle with a strong upper wick, signaling institutional rejection.
A visible RSI bearish divergence, showing weakening momentum.
The most recent daily candle broke below the channel, suggesting a potential swing high.
Implication: A short-term reversal is likely, targeting the 1.1180 zone, with an extended move potentially reaching the 1.1050–1.1000 area.
🧠 2. COT Data – Institutional Positioning
USD Index:
Non-Commercials increased longs (+823) and slightly increased shorts (+363) — net bias still bullish USD.
Commercials also added to longs, further confirming institutional accumulation.
→ USD strength building.
EUR Futures:
Non-Commercials reduced longs (-1,716) and added shorts (+6,737).
The net long position in EUR continues to weaken.
→ Increasing risk of EUR retracement.
📅 3. Seasonality – EUR/USD in June
EUR/USD tends to be neutral to bearish in June.
The 5- and 10-year averages show consistent early-month declines, supporting a short bias in the first two weeks.
📊 4. Retail Sentiment
Sentiment is currently evenly split (50/50).
However, more volume is positioned long — a potential contrarian signal.
→ A break in this balance may trigger volatility and directionality.
🧭 5. Macro Context
Eurozone is facing stagnation, with falling inflation and weak growth.
U.S. data remains stronger, supporting the Fed’s “higher for longer” narrative.
→ This divergence favors a stronger USD in the near term.
✅ Trading Outlook
📉 Current Bias: Bearish (corrective)
📌 Short-Term Target: 1.1180
📌 Mid-Term Target: 1.1050–1.1000
❌ Invalidation: Weekly close above 1.1460
🎯 Strategy: Look for intraday rejection confirmations and sell pullbacks, in alignment with HTF structure and institutional flows.
USD/CHF Setup Breaking Down: Don’t Get Caught Long This TrapUSD/CHF is currently trading at a critical technical and macro-structural juncture. Price is hovering within the weekly support area between 0.8050 and 0.8200, a zone that has historically triggered significant bullish reactions. However, the latest weekly candle closed below the psychological 0.8200 level, showing a clear rejection of upper resistance and signaling a lack of buying strength on the U.S. dollar side. This weak closure undermines the bullish structure and opens the door for a potential continuation of the downtrend—especially if price breaks below the 0.8150 mark on the daily or H4 timeframe.
From a seasonal standpoint, June has historically been a bearish month for USD/CHF. Monthly average returns over the past 20, 15, 10, and 5 years confirm steady downside pressure on the dollar against the Swiss franc. Only the 2-year average shows a slight positive bias, but it remains an outlier against the broader seasonal trend. This supports the idea that the recent weakness is not only technical but also cyclical in nature.
The Commitment of Traders (COT) report reinforces this bearish view. On the Swiss franc side, commercial traders (typically the most informed and hedging-oriented participants) are heavily net long, while non-commercial traders (speculators) remain significantly net short. This imbalance is often seen around reversal points and may indicate rising CHF strength. On the U.S. dollar side, positioning is far more balanced—the Dollar Index COT shows a neutral stance, with non-commercials slightly net long but without any dominant momentum. This confirms there’s currently no structural strength behind the dollar to justify a meaningful rebound in USD/CHF.
Lastly, retail sentiment provides a classic contrarian signal: over 90% of retail traders are long on USD/CHF, with only 10% short. This extreme imbalance typically occurs ahead of bearish breakdowns, as institutional players tend to fade overcrowded retail positions.
In conclusion, USD/CHF remains vulnerable to further downside. The weekly price action is weak, seasonal trends are dollar-negative, COT positioning favors CHF strength, and retail sentiment is extremely long-biased. All factors align toward a likely bearish continuation, with technical targets in the 0.8080–0.8050 range. The only alternative scenario would require a strong H4/H1 bullish reaction with a reclaim of 0.8220—but at this stage, that appears unlikely without a major macro catalyst.
Bitcoin at a Crossroads: 110k RejectionAfter the powerful rally that began in the last quarter of 2024, Bitcoin is now at a critical market juncture. The price has once again reached the 106,000–110,000 USD zone, an area that already showed strong signs of distribution back in February and March 2025. This isn’t just a typical resistance level—it’s a psychologically loaded zone, marked by previous highs and repeated selling pressure.
In May, the monthly candle revealed a clear rejection from this zone: a prominent upper wick and a bearish body, signaling the bulls' struggle to sustain new highs. This behavior suggests the beginning of a profit-taking phase or, more likely, a medium-term consolidation.
The picture becomes even more complex when we look at the COT Report dated May 27, 2025. Non-commercial institutional traders—speculative funds, hedge funds, and portfolio managers—have significantly increased their short positions, now exceeding 26,800 contracts. Meanwhile, long positions are hovering around 24,500, resulting in a net bearish exposure. The message is clear: smart money isn’t buying the breakout—it's selling into it.
Seasonality analysis reinforces this narrative. Historically, June tends to be a weak month for Bitcoin, often followed by renewed strength in the next quarter. The 2025 seasonal curve has mirrored the bullish pattern of 2021 up to May, but now—consistent with historical patterns—is showing signs of slowing. This supports the idea that the market might need a breather before potentially rallying again in Q3.
From a technical standpoint, the key levels are well defined. The 95,000–97,000 USD area is the first dynamic support zone, where the price might find short-term relief. However, the more significant support lies between 82,000 and 85,000 USD—this is the origin of the current rally and aligns with the old breakout structure. A return to this level would represent a healthy and natural correction within a still structurally bullish long-term context.
In summary, the current outlook calls for caution. Momentum is fading, seasonality is unfavorable, and institutional players are trimming long exposure while adding to shorts. Until the price can consolidate above 110,500 USD, the dominant scenario remains a corrective pullback, with interim targets at 95k and potential drops toward the 85k zone.
However, if the market surprises with a strong weekly close above the highs, it could pave the way for a new leg up toward the 125,000–135,000 USD range—potentially fueled by macro catalysts such as ETF inflows, Fed narratives, or broader adoption.
EUR/USD - 4H Analysis - High Probability Trade Setup🔍 Bias: Bullish continuation (Wave 5 setup)
📌 Key Confluences:
Wave (4) is retracing into a key demand zone with strong volume support.
Price is approaching the 71% Fibonacci retracement, a proven institutional entry level.
Ichimoku cloud is holding as dynamic support.
Wave (5) projection targets 1.1550–1.1600 zone (Swing Range).
🎯 Trade Idea:
Buy EUR/USD between 1.1280 – 1.1320
Stop Loss: Below 1.1220 (invalidates wave count)
Take Profit: 1.1550 (1:3+ RR)
⚠️ Risk Note: Confirmation via bullish engulfing candle or volume spike would increase the entry's conviction.
This setup offers strong confluence for a wave 5 rally, making it a high-probability long trade toward the upper swing range.
Follow along for more setups
EUR/USD - After taking the highs, are the lows next?The EUR/USD currency pair is moving between two important price levels. The top level is 1.1454 and the bottom level is 1.1357. This means the price is staying inside a range. Yesterday, the price of EUR/USD went above the top level of 1.1454. By doing this, it triggered many stop-loss orders from traders who were expecting the price to go down. These traders had placed their stop-losses just above this level, and the market moved up to take them out.
Current support of the 1H FVG
Now, the price is starting to go down again. It is getting closer to the lower level of the range, which is around 1.1357. There is a chance that the market will go below this level as well. If that happens, it may take out the stop-loss orders of traders who are expecting the price to go up. These traders often place their stop-losses just below the low point of the range. When the market goes below the low, it collects liquidity. In simple words, it grabs the orders that are waiting there.
Looking at the chart, we can see that EUR/USD has found some support at the 1-hour Fair Value Gap (1H FVG). This area is acting like a short-term floor for the price. If a full 1-hour candle closes below this support area, then the price will likely fall further. In that case, it may reach the bottom of the range and possibly move below it to take out more stop-losses.
Why below support?
But why would the market go below the low on purpose? The reason is that many retail traders, those are small traders who trade from home, often put their stop-losses just below the recent low. If the market moves there, it activates those stop-losses. These stop-losses are usually sell orders, and when they get triggered, it gives the market extra selling power. After collecting this liquidity, the market often uses the new buying interest (from other traders entering long positions) to push the price back up again.
Conclusion
So in summary, the EUR/USD is still inside a range. It has already moved above the top to take out stop-losses, and now it might go below the bottom to do the same. After that, there could be a strong move upward, powered by the new liquidity in the market.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Thanks for your support.
- Make sure to follow me so you don't miss out on the next analysis!
- Drop a like and leave a comment!
EURUSD - Look for Short (SWING) 1:2.5!Price has formed an ascending channel on the higher time frame, currently consolidating before potentially entering a distribution phase. A breakout could occur in either direction, but if the chart pattern plays out as expected, we may see a break below the key support level. Let’s aim for at least TP1.
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
HelenP. I Euro may continue to decline to trend lineHi folks today I'm prepared for you Euro analytics. In this chart, we can see how the price reached the trend line and then started to grow inside a triangle pattern. Price some time traded near the trend line and then made an impulse up to the support level, which coincided with the support zone, and then made a correction, after which it turned around and made an impulse up one more time, breaking the support level. The euro reached the resistance level, which coincided with the resistance zone, and then made a small correction, after which it continued to move up and rose to the resistance line of the triangle. But then the Euro dropped below the resistance level, breaking it, and then continued to decline, after a retest. Price fell to the support zone, where it rebounded from the trend line, which is the support line of the triangle as well, and then started to grow. The euro has grown to a resistance zone, but recently it started to fall and now trades below the 1.1425 resistance level. So, I think that EURUSD will enter to resistance zone one more time and then continue to fall to the trend line. For this case, I set my goal at 1.1305 points, which coincided with this line. If you like my analytics you may support me with your like/comment ❤️
Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Gold Rejected Below $3370 — Eyes on Lower Demand Zones! (READ)By examining the gold chart on the 4-hour timeframe, we can see that after our previous analysis, the price climbed to $3388, giving us nearly 150 pips of return. However, gold was rejected from that level and failed to hold above $3370, eventually dropping below $3360.
Currently, gold is trading around $3348, and we may likely see further decline toward lower levels. The potential downside targets are $3338, $3332, $3326, and $3317.
Key demand zones to watch are:
→ $3327
→ $3311
→ $3298–$3300
→ $3278
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
EURUSD Analysis Today: Technical and Order Flow Analysis !Technical Breakdown:
Rising Wedge Pattern ✅
Price was moving inside a rising channel (blue lines).
This is often a bearish reversal pattern.
Break of Structure 💥
Price broke the lower trendline + support zone — confirming potential downside momentum.
Short Entry Zone 🟪
Purple box marks a premium entry zone (Order Block / Supply Zone) — where sellers are likely positioned.
Stop Loss: 1.14781 🔺 (Above last high)
Target: Key demand zone below (highlighted in grey) 🎯
---
📦 Order Flow Perspective:
Internal structure shows lower highs and lower lows forming.
Expecting price to retest lower blue trendline, then drop to fill imbalance and hit demand zone below.
---
🗓️ Upcoming Events:
Watch out for USD-related news near June 10 & June 14 — it may increase volatility 📊
---
🧠 Summary:
This is a classic bearish continuation setup.
Entry after pullback = higher R:R potential.
Patience and proper risk management are key 🔑
---
EURUSD Set To Grow! BUY!
My dear friends,
My technical analysis for EURUSD is below:
The market is trading on 1.1420 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.1439
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
———————————
WISH YOU ALL LUCK
EURUSD: Local Bearish Bias! Short!
My dear friends,
Today we will analyse EURUSD together☺️
The market is at an inflection zone and price has now reached an area around 1.14182 where previous reversals or breakouts have occurred.And a price reaction that we are seeing on multiple timeframes here could signal the next move down so we can enter on confirmation, and target the next key level of 1.14050..Stop-loss is recommended beyond the inflection zone.
❤️Sending you lots of Love and Hugs❤️
EURUSD at Resistance – Pullback Ahead?Hello traders! What’s your take on EURUSD?
EURUSD is currently trading just below a key resistance zone, signaling a potential pullback. A double top pattern may be forming, suggesting the pair could correct before regaining bullish momentum.
We expect a short-term retracement toward the identified support levels before any continuation of the broader uptrend.
Despite this near-term weakness, our long-term outlook remains bullish. This pullback might actually present a better entry opportunity in line with the overall trend.
Do you see it the same way? Drop your thoughts in the comments! 💬
EURUSD - SellEntered this earlier on the 1min TF
Target will be the first Order Block which is 21:RR.
The reason I am targeting here is the 4H order flow is still bullish. So if we can hit the target I close 50% of the position and let the rest ride and manage accordingly to price.
Lets see how it plays out