Correction on EURUSDAfter Friday’s news, EURUSD reached 1,1368.
Make a note of the news candle and wait for a breakout.
If the retracement continues, the next key support level is 1,1317.
Important USD-related news is expected this Wednesday.
Watch for potential trend continuation setups and avoid rushing into new trades.
EURUSD trade ideas
Bearish drop?EUR/USD is rising towards the resistance level which is a pullback resistance that lines up with the 23.6% Fibonacci retracement and could drop from this level to our take profit.
Entry: 1.1406
Why we like it:
There is a pullback resistance level that lines up with the 23.6% Fibonacci retracement.
Stop loss: 1.1433
Why we like it:
There is a pullback resistance level that lines up with the 50% Fibonacci retracement.
Take profit: 1.1358
Why we like it:
There is a pullback support level that aligns with the 50% Fibonacci retracement.
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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! 💬
THOUGHTS ON EUR/USDEUR/USD 30M - As you can see I am wanting price to trade us down and into the Demand Zone I have marked out for us below. In doing so I am expecting Demand to be introduced and for Supply to be removed.
Due to this happening we can expect a reversal in price, this is because the Demand will begin to outweigh the Supply in the market and we should see price begin appreciating, giving us the opportunity to buy into the next impulsive wave.
We get confirmation of this by waiting for price to trade down and into this area, once it has and the change in hands has taken place, we will expect an influx in value and we should see a relevant protected high break. This gives us the confirmation we need.
Once we have that its then a case of waiting for price to trade us back down initially giving us the opportunity to get involved in this market with a more refined entry, allowing a better risk to reward ratio on the trade we place.
EURUSD SHORT FORECAST Q2 W24 D11 Y25EURUSD SHORT FORECAST Q2 W24 D11 Y25
Professional Risk Managers👋
Welcome back to another FRGNT chart update📈
Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.
Let’s see what price action is telling us today!
💡Here are some trade confluences📝
✅Weekly order block
✅15' order block
✅4 hour order block
✅Tokyo ranges to be filled
🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies.
📈The rest, we leave to the balance of probabilities.
💡Fail to plan. Plan to fail.
🏆It has always been that simple.
❤️Good luck with your trading journey, I shall see you at the very top.
🎯Trade consistent, FRGNT X
Can EUR/USD Break Through the Range Constraint?The EUR/USD exchange rate continues to maintain a range-bound consolidation trend, currently trading around 1.1400. The dovish statements from European Central Bank (ECB) policymakers are offset by the positive economic signals in the Eurozone, leading to a wait-and-see sentiment in the market. In the short term, the EUR/USD exchange rate is expected to remain in a narrow range consolidation pattern. Technically, the exchange rate needs to break through the recent high to sustain the upward momentum; otherwise, it may return to the broader range of 1.12-1.15.
Humans need to breathe, and perfect trading is like breathing—maintaining flexibility without needing to trade every market swing. The secret to profitable trading lies in implementing simple rules: repeating simple tasks consistently and enforcing them strictly over the long term.
EUR/USD | 15M TF Analysis Here is what I will be looking for on the 15M timeframe. We broke structure to the downside. I will want to see price come up and take out the built up liquidity, tap into the supply zone I marked out, drop down to the lower time frame and see if it offers an entry to sell back down to the swing low.
If you like this analysis, please hit that like and follow button! Trade Safe! -Remzy
EUR/USD 4H – Potential Quasimodo + Bearish Divergence SetupCurrently monitoring EUR/USD for a potential sell setup based on several strong technical confluences:
⸻
🧠 Price Structure: Possible Quasimodo (QM) Pattern
• The chart is showing early signs of a Quasimodo pattern (QM) formation.
• Left Shoulder and Right Shoulder are developing, with a higher high (false break) between them.
• The recent Dominant Break above 1.14948 could be a liquidity grab — classic in QM setups.
• Price appears to be retesting the right shoulder area, signaling potential for a bearish reversal.
⸻
📉 AO Indicator: Bearish Divergence as Confirmation
• Clear bearish divergence between price action and the Awesome Oscillator (AO):
• Price made a higher high, but AO printed a lower high.
• This signals weakening bullish momentum — a powerful confluence for a potential drop.
⸻
⚠️ Confluences for Sell Setup:
1. ✅ Potential QM Pattern forming
2. ✅ Dominant Break followed by a potential right shoulder retest
3. ✅ Strong bearish divergence on AO
4. ✅ Price failing to break and close strongly above recent high (~1.1494)
⸻
📍 Sell Trade Plan (if confirms):
• Entry Zone: Around 1.14400–1.14600 (right shoulder zone)
• Stop Loss: Above previous high (~1.15000)
• Take-Profit Options:
• TP1: Previous structure support around 1.13600
• TP2: Deeper support zone ~1.13000–1.12700
• TP3 (Aggressive): Full QM target near 1.12100 (as marked on the chart)
⸻
⏳ Wait For:
• Bearish rejection or momentum candle on 4H or 1H
• AO to cross below 0 or accelerate red bars for extra confirmation
⸻
💡 Conclusion:
EUR/USD is showing signs of a bearish reversal with a textbook QM setup supported by AO divergence. If the right shoulder holds and bearish momentum kicks in, this could offer a high-probability short opportunity.
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 BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are going short on the EUR/USD with the target of 1.136 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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EURUSD: Short Trade Explained
EURUSD
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell EURUSD
Entry - 1.1398
Stop - 1.1449
Take - 1.1303
Our Risk - 1%
Start protection of your profits from lower levels
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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.
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WISH YOU ALL LUCK
Elliott wave daily EURUSD update
Elliott wave daily EURUSD update
The price movement of the last few weeks requires a change
and update of the wave count
______________________________________
upward movement from area 1.018/genuary 2025 to area 1.1580/april 2025
looks impulsive - minute wave ((i)).
we are now in a corrective minute wave ((ii))
zigzag or flat or any double
target area 1.1040/1.0800 area
in the very short term level to monitor 1.1500 area
over 1.1500 area a flat correction more likely ( to area 1.1570)
note
FX option expiries for 6 June 10am New York cut
1.1500 (EUR 3.19bn)
1.1400 (EUR 2.38bn)
1.1300 (EUR 1.28bn)
FOREXLIVE
EURUSD Wave Analysis – 6 June 2025
- EURUSD reversed from the resistance zone
- Likely to fall to support level 1.1350
EURUSD currency pair recently reversed down from the resistance zone located between the key resistance level 1.1475 (which has been reversing the price from the start of April) and the upper daily Bollinger Band.
The downward reversal from this resistance zone created the daily Japanese candlesticks reversal pattern Shooting Star,
Given the overbought daily Stochastic, EURUSD currency pair can be expected to fall to the next support level 1.1350.
EURUSD(20250606) Today's AnalysisMarket news:
The European Central Bank cut three key interest rates by 25 basis points. Lagarde hinted that the rate cut cycle will end, and the market is no longer fully pricing in another 25 basis point rate cut this year.
Technical analysis:
Today's buying and selling boundaries:
1.1447
Support and resistance levels
1.1537
1.1503
1.1481
1.1412
1.1391
1.1357
Trading strategy:
If the price breaks through 1.1447, consider buying, and the first target price is 1.1481
If the price breaks through 1.1412, consider selling, and the first target price is 1.1391
EUR/USD Bullish Breakout from Key Demand ZoneStrong bullish reaction from a well-defined demand zone ('zona buy') on EUR/USD. Price broke above resistance with momentum, confirming buyer interest. The RSI shows bullish strength, supporting further upside potential. Watching for continuation towards the 1.1578 target while managing risk below 1.1399 support.
EURUSD ahead of the ECBYesterday, EURUSD bounced off the support zone and moved toward the previous high.
Today, the ECB will announce its interest rate decision.
The news is scheduled for 1:15 pm (London), followed by a press conference 30 minutes later.
Expect potentially sharp and misleading price movements — reduce your risk and avoid rushing into new positions!