Bitcoin may make correction movement to support levelHello traders, I want share with you my opinion about Bitcoin. Price recently printed a new ATH at 118800 points and then began to show signs of correction. Before this breakout, the price was stuck in a long downward channel, where it bounced inside the buyer zone (103000–103800) several times and reversed upward. After the final breakout, BTC entered a range phase between the support level (103800) and the support area (110300–111300), building energy before the massive move. Once the price escaped this range, a strong impulse up followed, pushing BTC above all major levels and reaching a new high. However, after hitting the ATH, the price started to stall and consolidate. Currently, we can see signs of weakness at the top — the structure is forming lower highs and looks unstable, which may indicate a potential retracement. Now the price is trading above the support area, but I expect a corrective move back toward the current support level at 110300. This level aligns with the top of the previous range and now acts as strong demand. That’s why I’ve set my TP at 110300 level — right at the beginning of potential buyer interest. 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.
USD (US Dollar)
GBPUSD is Nearing the Daily Trend!!!Hey Traders, in tomorrow's trading session we are monitoring GBPUSD for a buying opportunity around 1.34100 zone, GBPUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.34100 support and resistance area.
Trade safe, Joe.
HelenP. I Bitcoin will go to a correction after a strong impulseHi folks today I'm prepared for you Bitcoin analytics. If we look at the chart, we can see that the price has recently made a powerful impulse upward, breaking out of a long consolidation range between 110500 and 102500. This range acted as a strong accumulation zone, where the price bounced multiple times from both support levels. After the breakout, Bitcoin gained momentum and pushed sharply toward the 122000 mark. Now, after this sharp rally, I believe a correction is highly probable. Often, after such strong bullish moves, the market tends to pull back to retest the trend line or previous breakout zones. In this case, the trend line has been respected several times and now aligns with the 117500 area, which also acts as local support. That’s why I consider this zone to be a logical target for the correction. I expect BTCUSD can drop from the current highs and retest the trend line near 117500 points - that is my main goal for this setup. If the trend line holds, buyers may return to the market and push price higher again. Given the strong impulse, the breakout from consolidation, and the importance of the trend line, I remain bearish short-term and expect a drop toward 117500 points. If you like my analytics you may support me with your like/comment ❤️
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Bullish bounce off overlap support?AUD/USD is falling towards the support level which is an overlap support that is slightly above the 50% Fibonacci retracement and could bounce from this level too ur take profit.
Entry: 0.6546
Why we like it:
There is an overlap support that is slightly above the 50% Fibonacci retracement.
Stop loss: 0.6529
Why we like it:
There is a pullback support that aligns with the 61.8% Fibonacci retracement.
Take profit: 0.6590
Why we like it:
There is a pullback support.
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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.
#AN020: US Tariffs, Euro Weakness, USD Strength, Forex at Risk?
1. New US Tariff Threats Against the EU and Canada
Over the weekend, President Trump announced the sending of formal letters introducing new tariffs: 35% on Canadian goods and potential tariffs for the EU as well (15-20%).
Context: The return of protectionism fuels uncertainty.
Market Impact: Shift to safe-haven currencies — the US dollar gains ground, while EUR/USD and USD/CAD remain under pressure.
2. EUR/USD Below 1.1700
The EUR/USD pair closed the week below 1.1700, failing to recover.
3. GBP/USD Loses Ground
The GBP/USD pair fell below 1.3500, hitting a three-week low.
Factors: Disappointing UK GDP data + stronger USD.
Impact: Pressure on the pound, possible continuation of the downtrend to 1.3420 unless better data emerges.
4. USD/JPY near 147.50
The dollar reached new two-week highs against the yen, hitting 147.50.
Causes: Risk flight and reduced expectations for BoJ intervention.
Outlook: If global sentiment remains adverse, USD/JPY could head towards 148.00.
5. Gold and safe-haven assets recover
Trade uncertainty is supporting gold, which has risen to near $3,360/ounce.
Outlook: Volatility and preference for the USD and JPY are increasing; gold will act as a sentinel of fear in the markets.
🔍 Summary of Impacts on Forex Markets
EUR/USD Weaker: Push toward 1.1600 due to trade concerns and USD strength
GBP/USD Down: UK data pressured + risk aversion
USD/JPY Rising: USD refuge and possible break above 148
USD/CAD Volatile: Canadian tariffs penalize CAD, but oil prices and BoC reactions to monitor
Gold & XM Gold strengthens, signaling risk, USD support; JPY and USD benefit
Gold Bullish Above 3342 – Watching 3365 BreakoutGold Futures Rise on Trade & Geopolitical Tensions
Gold continues to gain as renewed tariff threats from the U.S. and rising geopolitical risks weigh on market sentiment.
While markets have become somewhat desensitized to Trump’s recurring trade rhetoric, concerns remain that resolutions may be delayed.
Technical Outlook:
As long as the price holds above 3342, the bullish trend is likely to continue toward 3355 and 3365.
A stable close above 3365 would open the way to 3395.
However, a 1H close below 3342 may trigger a pullback to 3329.
Pivot: 3342
Resistance: 3355, 3365, 3395
Support: 3329, 3319, 3309
Bearish reversal off pullback resistance?The Swissie (USD/CHF) is rising towards the pivot, which is a pullback resistance that lines up with the 38.2% Fibonacci retracement and could reverse to the 1st support.
Pivot: 0.8076
1st Support: 0.7879
1st Resistance: 0.8295
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.
Heading into Fibonacci confluence?XAU/USD is rising towards the resistance level, which is a pullback resistance aligning with the 127.2% Fibonacci extension, the 71% Fibonacci retracement, and the 100% Fibonacci projection. A reversal from this level could lead to our take profit
Entry: 3,392.02
Why we like it:
There is a pullback resistance that lines up with the 127.2% Fibonacci extension, the 71% Fibonacci retracement and the 100% Fibonacci projection.
Stop loss: 3,451.74
Why we like it:
There is a pullback resistance.
Take profit: 3,338.86
Why we like it:
There is a pullback support.
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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.
Heading into 50% Fibonacci resitance?WTI Oil (XTI/USD) is rising towards the pivot and could reverse to the 1st support.
Pivot: 71.43
1st Support: 65.55
1st Resistance: 76.08
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.
Heading into pullback resistance?The USD/JPY is rising towards the pivot, which is a pullback resistance and could reverse to the 1st support.
Pivot: 148.44
1st Support: 143.24
1st Resistance: 151.23
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.
Bullish bounce off overlap support?The Cable (GBP/USD) is falling towards the pivot and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 1.3375
1st Support: 1.3126
1st Resistance: 1.3758
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.
Falling towards major support?The Cable (GBP/USD) is falling towards the support which is an overlap support that lines up with the 78.6% Fibonacci projection and could bounce from this level to our take profit.
Entry: 1.3396
Why we like it:
There is an overlap support that lines up with the 78.6% Fibonacci projection.
Stop loss: 1.3318
Why we like it:
There is a pullback support.
Take profit: 1.3503
Why we like it:
There is a pullback support.
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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.
Bearish reversal off Fibonacci confluence?The Bitcoin (BTC/USD) is rising towards the pivot and could reverse to the 1st support which is a pullback support.
Pivot: 121,983.11
1st Support: 112,086.50
1st Resistance: 128,114.70
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.
Bullish bounce?Ethereum (ETH/USD) is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 2,810.19
1st Support: 2,361.23
1st Resistance: 3,481.42
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.
Bullish bounce off 50% Fibonacci support?EUR/USD is falling towards the support level which is a pullback support that lines up with the 50% Fibonacci support and could bounce from this level to our take profit.
Entry: 1.1632
Why we like it:
There is a pullback support that lines up with the 50% Fibonacci retracement.
Stop loss: 1.1582
Why we like it:
There is an overlap support that is slightly below the 61.8% Fibonacci retracement.
Take profit: 1.1738
Why we like it:
There is an overlap resistance.
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.
Bullish continuation?The Fiber (EUR/USD) is falling towards the pivot, which has been identified as a pullback support and could bounce to the 1st resistance.
Pivot: 1.1589
1st Support: 1.1448
1st Resistance: 1.1815
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.
USDJPY 4Hour TF - July 13th, 2025USDJPY 7/13/2025
USDJPY 4Hour Neutral Idea
Monthly - Bullish
Weekly - Bearish
Daily - Bearish
4Hour - Bullish
Finally UJ is looking more clear. We’re now able to drop to the 4Hour instead of the Daily TF due to price action reaching a major zone of anticipated reactions.
As always we’re looking at two trade scenarios going into the week ahead:
Bullish Continuation - UJ is currently sitting at 147.500 resistance and closed there last week. Going into this week we could see the bullish trend continue but we would need to see a clear break of 147.500 resistance to gain confidence. Look for a higher low confirmed above 147.500 followed by strong bullish setups to enter long on. Look to target higher toward major resistance levels like 149.250 area.
Bearish Reversal: Despite the strong bullish momentum we saw from last week, a reversal is still possible as price action is near our 147.250 zone. In order to consider bearish setups we would need to see strong rejection from the current level of resistance. Look to target lower toward 145.000 support.
XAUUSD 4Hour TF - July 13th, 2025XAUUSD 7/13/2025
XAUUSD 4 hour Long Idea
Monthly - Bullish
Weekly - Bullish
Daily - Bullish
4hour - Bullish
Gold is looking pretty bullish this week as we saw a significant push above our 3,320.000 resistance zone. Looking to ride that same trend through this next week.
Bullish continuation - After a nice rally last week gold looks primed for another long setup. Ideally, price action goes for the retest of 3,320.000 and forms a higher low. This would confirm bullish structure and we can begin targeting higher toward major levels of resistance.
Bearish Reversal - For us to consider bearish setups we would first need to see a break back below 3,320.000 followed by a confirmed lower high. If this happens we can consider short positions and look to target lower toward major levels of support.
DXY 4Hour TF - July 13th, 2025DXY 7/13/2025
DXY 4hour Neutral Idea
Monthly - Bearish
Weekly - Bearish
Dailly - Bearish
4hour - Ranging
Keep in mind, we analyze and follow DXY more so as an indicator. The USD makes up for a large portion of trade so it makes sense to analyze it.
Going into this week we can see DXY made an attempt to push higher. Where it closed on Friday is a major zone around 98.000. We’re still majorly bearish on higher time frames so we will keep that in mind throughout this week.
As always, we will mark up two potential paths for this week, they are as follows:
Bullish Breakout - The two main zones we want to bring out attention to are 98.000 resistance and 97.500 support. We will have to wait until price action leaves this area to spot a high quality setup. Look for a convincing push above 98.000 resistance followed by a retest of 98.000 but as support. Look for a higher low to form with bullish confirmation to long on.
Bearish Continuation- Going bearish is still very possible we just need to clear 97.500 support first. Look for a break below 97.500 with a confirmed lower high and convincing bearish setups to short on.
EUR/USD Retracement Into Demand ZoneHello guys!
EUR/USD is currently undergoing a healthy retracement after an extended bullish trend within the ascending channel. The price is now approaching a key demand zone, which aligns perfectly with the mid-line of the channel structure.
This zone previously acted as a strong resistance area and is now expected to serve as support, confirming a classic flip in market structure. The reaction around the 1.16288 - 1.15774 area will be crucial.
If buyers step in here, the bullish momentum is likely to resume with the next major target being the upper resistance zone near 1.20000 , as projected by the upward arrow. The overall structure remains bullish as long as the price holds above the channel support and doesn't close below the last demand zone.
DXY Weekly Update — July 14, 2025⌛ Timeframe:
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📆 Analysis Date: July 14, 2025
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🎯 Weekly Bias: Bearish-to-Neutral (Potential for retracement or reversal)
🔎 Market Overview:
⬇️ Persistent USD Weakness:
DXY has dropped nearly 10% YTD, marking the steepest half-year decline since 1986.
📉 Rate Cut Expectations:
Markets are pricing in a potential 75bps rate cut by the Fed in H2 2025, pushing yields and the dollar lower.
📦 Trade War Fears:
Renewed tariff risks (targeting EU, Japan, Mexico, South Korea) aren't boosting demand for USD — a signal of lost safe-haven appeal.
⚖️ Central Bank Diversification:
Global reserve managers are rotating into gold and away from USD, weakening long-term structural demand.
🌀 Sentiment & Risk Appetite:
💸 Liquidity Demand is Soft:
DXY is retesting a 4H fair value gap (97.10–97.30), suggesting potential short-term consolidation or correction.
🌍 Risk-On Mood Returns:
According to Goldman Sachs, the USD is trading more like a "risk asset" than a haven, aligning with rising equity appetite.
📉 Technical Landscape:
🟠 4H Structure:
If DXY breaks below 97.00, next support lies at 96.37, followed by 95.50–96.00.
Consolidation expected if price remains within the FVG.
🔻 Key Resistance:
97.70–98.20 zone. A break above this area could change the tone to bullish.
📌 Summary:
🔷 Fundamentals show long-term dollar weakening (rates, trade tension, reserve shifts)
🔷 Sentiment aligns with risk-on appetite and reduced USD demand
🔷 Technicals at critical level; break below 97.00 opens room for correction, break above 97.70 shifts bias bullish
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🟠 Bias: Bearish to Neutral
Watch Levels: 97.00 support, 97.70–98.20 resistance
⚠️ Note: This analysis is for educational purposes only and is not financial advice. Always apply risk management.
✅ If you like this analysis, don't forget to like 👍, follow 🧠, and share your thoughts below 💬!
EURUSD Testing Patience – Bearish Trend Not Over YetEURUSD – Overview
EURUSD continues to trade under pressure amid bearish momentum, respecting key technical levels.
The price maintains bearish momentum as long as it trades below 1.1745, with downside targets at 1.1627 and 1.1557.
A retest of 1.1745 is possible and considered normal in this structure. However, if the price stabilizes below 1.1684, it will likely continue dropping toward the support targets.
To shift back to a bullish bias, the pair must break and hold above 1.1745.
Pivot Line: 1.1695
Support Levels: 1.1627 – 1.1557
Resistance Levels: 1.1745 – 1.1810
previous idea: