Euro / U.S. Dollar

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Euro / U.S. Dollar forum

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EURUSD changing my other TP to 1.12 now given the bullish trend

EURUSD taking 1.1146 seems like a given, lots of liquidity there, it's also weekly R1 so you can expect some decent resistance around that level.
I still maintain my 1.12 level to the upside before seeing any proper retracement into the 1.099, which would then coincide with the FVG 4H close and golden zone as well to finally break the weekly resistance zone for good.

Only wrench in the plan would be the rate cut next week by ECB, but everyone expect a cut so it shouldn't be such a problem, especially with the CPI data which might push the fed to cut as well.

TLDR: still waiting for 1.12 for a potential good short retracement, and the 1.099 for another proper long.
Thanks trump for the candle taking me out of a great trade though, I hope you step on legos every morning of the rest of your life
Snapshot


EURUSD double top clearly visible ๐Ÿ˜‚


EURUSD I think a reversal is still possible bears don't lose hope

EURUSD
๐ŸŒ EURUSD Intraday Trade Setups

๐ŸŸข Intraday Buy Setup

Entry Price: ๐ŸŽฏ 1.10551
Stop Loss: ๐Ÿ›‘ 1.10300 (-25.1 pips)
Take Profit 1: ๐Ÿ 1.10800 (+24.9 pips)
Take Profit 2: ๐Ÿš€ 1.11000 (+44.9 pips)

Key Rationale:

Aligns with 38.2% Fibonacci retracement (1.10480-1.10620 zone)
Confluence with daily support at 1.10500 (triple-tested liquidity pool)
RSI bullish divergence on 15-min chart (42.1 โ†’ 48.7)

๐Ÿ”ด Intraday Sell Setup

Entry Price: ๐ŸŽฏ 1.10980
Stop Loss: ๐Ÿ›‘ 1.11200 (+22.0 pips)
Take Profit 1: ๐Ÿ 1.10700 (-28.0 pips)
Take Profit 2: ๐Ÿš€ 1.10500 (-48.0 pips)

Key Rationale:

Targets 61.8% Fibonacci extension at 1.11050 resistance
Matches institutional order block (1.10920-1.11080 range)
MACD histogram turns negative (-0.00015) on 30-min timeframe