EURUSDHello Traders! 👋
What are your thoughts on EURUSD?
EUR/USD kicked off the week with a sharp drop of nearly 200 pips, driven by renewed concerns over U.S. tariff policies. This strong bearish momentum signals intensified selling pressure across the board.
The pair is now approaching a support zone, which has previously triggered bullish reactions.
However, given the current strong bearish sentiment, there is a real risk this support may not hold.
Our bias remains bearish overall.
If the pair finds temporary support at this level, a short-term corrective bounce is possible.
But ultimately, we expect a continuation of the downtrend toward lower support levels after the correction completes.
Can this support zone stop the bleeding, or is more downside coming? Let us know your thoughts! 👇
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USDEUR trade ideas
EURUSD – Will the bullish parallel channel hold?The EUR/USD currency pair is currently trading within a clearly defined bullish parallel channel, as shown on the 4-hour chart. This channel has provided consistent directional structure over recent weeks, with price respecting both its upper resistance and lower support boundaries. At present, the pair is approaching the lower end of this channel, raising the critical question: will it bounce off support and continue the bullish trajectory, or will it decisively break down, opening the door to lower price targets?
Bullish parallel channel
On the 4-hour timeframe, the EUR/USD has been consistently moving within a bullish parallel channel, characterized by higher highs and higher lows. This price structure suggests sustained upward momentum, with the top of the channel acting as dynamic resistance and the bottom as reliable support. Today, price action is testing the lower boundary of the channel once again. A successful hold at this level could confirm continued bullish structure and open the door for a potential rebound.
Bullish scenario
In the bullish scenario, the EUR/USD holds its ground at the support region around 1.164, where the lower boundary of the channel intersects with price. For upward continuation, it must overcome the short-term resistance posed by the 4-hour Fair Value Gap (FVG) between 1.169 and 1.174. A reclaim and close above this zone could signal a shift in short-term momentum and lead to a move back toward the upper boundary of the channel. However, the path upward is not without resistance , price must navigate through potential supply zones and maintain higher lows to preserve the bullish structure.
Bearish scenario
On the other hand, a break and close below the channel support could indicate a change in market sentiment and invalidate the bullish pattern. In this bearish case, we would expect a structure break confirmation followed by a possible retest of the broken trendline and the 4-hour FVG. If this retest fails to reclaim the trendline, bearish continuation becomes more likely. The next significant area of interest lies around the 1.150 level, where a bullish 4-hour FVG exists. This zone could act as a potential short-term support and serve as a target for the downside move before any meaningful bounce occurs.
Final thoughts
The EUR/USD pair is currently at a technical crossroads. Traders should watch closely for price behavior around the lower channel boundary to determine whether bullish momentum will resume or whether a bearish breakout will set the tone for deeper retracement. Confirmation, either through a bounce or a breakdown with a retest, will be key in validating the next directional move.
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EURUSD: Double Top Pattern Ahead of FOMC MeetingEURUSD: Double Top Pattern Ahead of FOMC Meeting
EURUSD has formed a possible double top, and price action is now trading below the neckline - an indication of increasing bearish probability.
All eyes are on today's FOMC and the interest rate decision. If the Fed signals a rate cut or hints at future easing, this could trigger a sell-off, further validating the bearish scenario.
Although the USD has been weak for an extended period, the market may be changing its positioning this time. Even if EURUSD moves higher during the event, the broader setup favors a decline.
⚠️ Trading around major news events is very risky. It's better to wait for clarity after the FOMC before taking any action.
You may find more details in the chart!
Thank you and Good Luck!
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EURO - Price can continue to move up inside rising channelHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
The price action of price reversed its course after breaking out from a previous falling channel formation.
Since then, the asset has been trading within the clear boundaries of a well-defined rising channel.
The price has made several rotations within this structure, consistently finding support near the lower trendline.
Most recently, the pair successfully tested the horizontal support area around $11600, which aligns with the channel's support.
A clear upward bounce occurred from this confluence of support, and the price is currently consolidating from that move.
I expect that after a minor pullback to re-test support, the price will continue its ascent within the channel structure towards the $11935 level.
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EURUSD Breaks Trendline: Bearish Momentum in PlayHello guys!
After months of climbing steadily along the ascending trendline, EURUSD has finally broken below support. The trendline breach, followed by a tight consolidation (yellow circle), hinted at a loss of bullish strength, and now the breakdown is in full motion.
Broken ascending trendline
Clear rejection after retest
Bearish continuation underway
Target area: 1.1400–1.1440 zone
If sellers maintain control, the price could descend toward the next major demand area.
EURO - Price can turn around of support level and rise to $1.165Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
The market structure shifted after a breakout from a prior triangle pattern pushed the price higher.
This rally met resistance, and a new bearish trend emerged, creating a distinct falling channel.
The asset made several rotations inside this channel, with the most recent upswing failing at the $1.1720 resistance zone.
That failure to break higher initiated the current strong bearish impulse driving the price down.
Euro is now approaching a critical area of demand, the horizontal support zone near $1.1455.
I expect that buyers will defend the $1.1455 support level, causing a reversal that will carry the price towards the $1.1650 target.
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Hellena | EUR/USD (4H): LONG to the resistance area 1.17578.Colleagues, the price has made a strong downward movement, which can only mean one thing: the correction is not complete.
This means that the latest upward movement is wave “1” of medium order.
Therefore, I now expect the correction to end in wave “2” at the 50% Fibonacci level and thean upward movement to continue to at least the resistance level of 1.17578.
It is quite possible that after updating the level of 1.15570, the price will immediately begin an upward movement — this is a more risky option for entering a position.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
"EUR/USD Bullish Reversal Setup with Key Resistance Targets"This EUR/USD 1-hour chart shows a potential bullish reversal setup. Price recently bounced from the 1.14257 support level, and the chart outlines a projected upward move with key resistance targets at 1.14810, 1.15310, and 1.15726. The final target is marked at 1.15711.
Euro bounce from buyer zone and start to move upHello traders, I want share with you my opinion about Euro. After a prolonged upward trend which formed a large rising wedge, the EURUSD faced a significant rejection from the seller zone near the 1.1685 resistance level. This failure to continue higher marked a key turning point, exhausting the bullish momentum and initiating a new bearish market phase. This new phase has since taken the form of a well-defined downward channel, within which the price has been undergoing a series of downward corrections and impulses. The most recent market action has been a sharp downward fall, accelerating the price's descent towards a critical area of historical significance. Currently, the pair is approaching the major support level at 1.1400, which also constitutes a strong buyer zone where demand has previously stepped in. The primary working hypothesis is a long, counter-trend scenario, which anticipates that the current bearish momentum will be absorbed by the strong demand within this buyer zone. A confirmed and strong rebound from this 1.1400 support area would signal a potential temporary bottom and the start of a significant upward correction. Therefore, the tp for this rebound is logically set at the 1.1600 level, a key psychological and technical point that represents a realistic first objective for a bounce of this nature. Please share this idea with your friends and click Boost 🚀
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HelenP. I Euro can reach resistance zone and then dropHi folks today I'm prepared for you Euro analytics. If we look at the chart, we can observe a mature uptrend that has been supported by a major ascending trend line for an extended period. However, the momentum of this trend appears to be waning, as evidenced by the price's recent failure to establish new highs. The asset is currently trading below the critical resistance zone of 1.1770 - 1.1800, an area that has proven to be a significant barrier for buyers. My analysis for a short position is based on the condition of a final retest of this resistance zone. I believe the price will make another attempt to rally into this area, and a forceful rejection from this zone would serve as the confirmation that sellers are taking definitive control of the market. Such a rejection would likely initiate a strong downward impulse with sufficient momentum to break the long-standing ascending trend line, a pivotal event that would shift the market structure. Therefore, the primary goal for this bearish scenario is set at the 1.1600 level, a logical target for the price to reach after such a significant structural break. If you like my analytics you may support me with your like/comment ❤️
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DeGRAM | EURUSD reached the lower boundary of the channel📊 Technical Analysis
● Price sliced through the channel mid-support and the inner trend-fan, closing below 1.1573; the break was retested (grey circle) and rejected, confirming a bear continuation from the sequence of lower-highs.
● The move unlocks the descending channel’s lower rail near 1.1450, while interim demand sits at the May pivot / 0.618 swing 1.1520.
💡 Fundamental Analysis
● EZ data underwhelmed (German Ifo, EZ consumer-confidence) just as Fed officials warned rates may stay “restrictive for longer,” widening the short-rate gap and refreshing USD bids.
✨ Summary
Short 1.1590-1.1615; hold below 1.1573 targets 1.1520 ➜ 1.1450. Bias void on an H1 close above 1.1660.
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Euro will rebound from support line of wedge to resistance levelHello traders, I want share with you my opinion about Euro. After breaking out decisively from a prior downward channel, the euro initiated a significant structural shift, moving from a clear downward trend into a new and more volatile market condition. This transition has led to the development of a large broadening wedge pattern, which is characterised by higher highs and lower lows, indicating an expansion in volatility as both buyers and sellers fight for control. The boundaries of this struggle are well-defined by a major buyer zone around 1.1650 and a formidable seller zone near 1.1750. Currently, the pair is in a corrective phase, moving downwards within the wedge after a recent upward rebound was rejected from the upper resistance line. The primary working hypothesis is a long scenario, which anticipates that this downward correction will find strong support at the confluence of the wedge's ascending support line and the horizontal buyer zone around 1.1650. A confirmed bounce from this critical area of support would validate the integrity of the broadening wedge pattern and likely trigger another powerful upward rotation. Therefore, the TP is strategically placed at the 1.1750 resistance level. Please share this idea with your friends and click Boost 🚀
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EUR/USD | Sweeps Liquidity and Rebounds – Eyes on 1.16700!By analyzing the EURUSD chart on the 4-hour timeframe, we can see that after our previous analysis, the price continued its decline and eventually swept the liquidity below 1.15580. Following that, strong demand kicked in, and the pair is currently trading around 1.15810. If the price can hold above this level, we can expect further bullish movement. The next potential targets are 1.1600, 1.16280, 1.16430, and 1.16700.
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EURUSD at Make-or-Break Zone: Time to Short?EURUSD – Key Data Out Today, Short Setup Confirmed?
Today, several important economic indexes were released for both the Euro(EUR) and the Dollar(USD) . Let’s break them down in a simple way:
Eurozone PMI Data: Mixed to Weak
France:
Manufacturing PMI: 48.4 (slightly lower than forecast)
Services PMI : 49.7 (flat, but below 50 = contraction)
Germany:
Manufacturing PMI: 49.2 (weaker than expected)
Services PMI : 50.1(slightly expansionary)
Eurozone Overall:
Manufacturing PMI: 49.8 (still below 50)
Services PMI : 51.2 (slightly stronger than forecast)
ECB left the Main Refinancing Rate unchanged at 2.15% , which was widely expected.
U.S. Data( TVC:DXY ): Strong and Surprising
Unemployment Claims: 217K (better than expected 227K)
Manufacturing PMI: 49.5 (below forecast of 52.7 – a negative surprise)
Services PMI: 55.2 (well above forecast and previous – bullish for USD)
Interpretation :
The Eurozone's growth remains sluggish, especially in France and Germany.
Despite a drop in U.S. manufacturing, the services sector remains strong, and unemployment data confirms labor market resilience.
This mixed picture slightly tilts the balance in favor of the U.S. dollar, especially as the ECB remains on hold while the Fed may still consider being restrictive.
Bias: Short EURUSD ( FX:EURUSD )
Fundamentals support a Short position in EURUSD, in line with the current technical setup.
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Now let's take a look at the EURUSD chart on the 4-hour time frame to find the best Short position .
EURUSD is currently trading in an Ascending Channel and at a Heavy Resistance zone($1.1845-$1.1602) .
Also, in terms of Elliott wave theory , it seems that EURUSD is completing a microwave 5 of the main wave 5 .
One of the most important supports ahead for EURUSD could be the 100_SMA(4-hour TF) .
If the currently 4-hour candlestick forms a Shooting Star Candlestick Pattern , it is a better sign for EURUSD to fall .
Also, we can see the Regular Divergence(RD-) between Consecutive Peaks .
I expect EURUSD to decline to at least $1.169 AFTER breaking the lower line of the ascending channel .
Second Target: Support zone($1.1642-$1.158) and Monthly Pivot Point.
Note: Stop Loss(SL)= $1.1850
Please respect each other's ideas and express them politely if you agree or disagree.
Euro/U.S. Dollar Analyze (EURUSD), 4-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
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Trading Divergences With Wedges in ForexTrading Divergences With Wedges in Forex
Divergence trading in forex is a powerful technique for analysing market movements, as is observing rising and falling wedges. This article explores the synergy between divergence trading and wedges in forex, offering insights into how traders can leverage these signals. From the basics to advanced strategies, learn how you could utilise this approach effectively, potentially enhancing your trading skills in the dynamic forex market.
Understanding Divergences
In forex trading, the concept of divergence plays a pivotal role in identifying potential market shifts. A divergence in forex, meaning a situation where price action and a technical indicator like the Relative Strength Index (RSI) or Moving Average Convergence Divergence (MACD) move in opposite directions, often signals a weakening trend. This discrepancy is a valuable tool in divergence chart trading, as it may indicate a possible reversal or continuation of the current trend.
There are two primary types of divergence in forex—regular and hidden. Regular divergence occurs when the price makes higher highs or lower lows while the indicator does the opposite, often signalling a reversal. Hidden divergence, on the other hand, happens when the price makes lower highs or higher lows while the indicator shows higher highs or lower lows, typically suggesting a continuation of the current trend.
Trading Rising and Falling Wedges
Rising and falling wedges are significant patterns in forex trading, often signalling potential trend reversals. A rising wedge, formed by converging upward trendlines, often indicates a bearish reversal if it appears in an uptrend. Conversely, a falling wedge, characterised by converging downward trendlines, typically reflects a bullish reversal if it occurs in a downtrend.
Traders often look for a breakout from these patterns as a signal to enter trades. For rising wedges, a downward breakout can be seen as a sell signal, while an upward breakout from a falling wedge is often interpreted as a buy signal. When combined with divergences, this chart pattern can add confirmation and precede strong movements.
Best Practices for Trading Divergences
Trading divergence patterns in forex requires a keen eye for detail and a disciplined, holistic approach. Here are key practices for effective trading:
- Comprehensive Analysis: Before trading on divergence and wedges, be sure to analyse overall market conditions.
- Selecting the Right Indicator: Choose a forex divergence indicator that suits your trading style. Common choices include RSI, MACD, and Stochastic.
- Confirmation Is Key: It’s best to watch for additional confirmation from price action or other technical tools before entering a trade.
- Risk Management: Traders always set stop-loss orders to manage risk effectively. Divergence trading isn't foolproof; protecting your capital is crucial.
- Patience in Entry and Exit: Be patient as the divergence develops and confirm with your chosen indicators before entering or exiting a trade.
Strategy 1: RSI and Wedge Divergence
Traders focus on regular divergence patterns when the RSI is above 70 (overbought) or below 30 (oversold), combined with a rising or falling wedge pattern. The strategy hinges on identifying highs or lows within these RSI extremes. It's not crucial if the RSI remains consistently overbought or oversold, or if it fluctuates in and out of these zones.
Entry
- Traders may observe a regular divergence where both the price highs/lows and RSI readings are above 70 or below 30.
- After the formation of a lower high (in an overbought zone) or a higher low (in an oversold zone) in the RSI, traders typically watch as the RSI crosses back below 70 or above 30. This is accompanied by a breakout from a rising or falling wedge, acting as a potential signal to enter.
Stop Loss
- Stop losses might be set just beyond the high or low of the wedge.
Take Profit
- Profit targets may be established at suitable support/resistance levels.
- Another potential approach is to exit when the RSI crosses back into the opposite overbought/oversold territory.
Strategy 2: MACD and Wedge Divergence
Regarded as one of the best divergence trading strategies, MACD divergence focuses on the discrepancy between price action and the MACD histogram. The strategy is particularly potent when combined with a rising or falling wedge pattern in price.
Entry
- Traders typically observe for the MACD histogram to diverge from the price. This divergence manifests as the price reaching new highs or lows while the MACD histogram fails to do the same.
- The strategy involves waiting for the MACD signal line to cross over the MACD line in the direction of the anticipated reversal. This crossover should coincide with a breakout from the rising or falling wedge.
- After these conditions are met, traders may consider entering a trade in anticipation of a trend reversal.
Stop Loss
- Stop losses may be set beyond the high or low of the wedge, which may help traders manage risk by identifying a clear exit point if the anticipated reversal does not materialise.
Take Profit
- Profit targets might be established at nearby support or resistance levels, allowing traders to capitalise on the expected move while managing potential downside.
Strategy 3: Stochastic and Wedge Divergence
Stochastic divergence is a key technique for divergence day trading in forex, especially useful for identifying potential trend reversals. This strategy typically employs the Stochastic Oscillator with settings of 14, 3, 3.
Entry
- Traders may look for divergence scenarios where the Stochastic readings are above 80 or below 20, mirroring the RSI approach.
- This divergence is observed in conjunction with price action, forming a rising or falling wedge.
- Entry may be considered following a breakout from the wedge, which signals a potential shift in market direction.
Stop Loss
- Setting stop losses just beyond the high or low of the wedge might be an effective approach.
Take Profit
- Profit targets may be set at key support/resistance levels.
The Bottom Line
Divergence trading, coupled with the analysis of rising and falling wedges, offers a comprehensive approach to navigating the forex market. By integrating the discussed strategies with sound risk management and market analysis, traders may potentially enhance their ability to make informed decisions in the dynamic world of forex.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Lingrid | EURUSD Drops from 1.18000 RESISTANCE. Possible ShortFX:EURUSD is showing strong rejection at the resistance zone near 1.1790 after multiple fake breaks and failed attempts to sustain above the key level. Price has now broken below the mid-range and is forming a bearish rejection pattern right at the edge of the breakout area. With bearish momentum accelerating and a move toward 1.1620 support appears likely. Breakdown from the consolidation channel favors trend continuation to the downside.
📉 Key Levels
Sell trigger: Breakdown below 1.1660
Sell zone: 1.1700 – 1.1730
Target: 1.1620
Invalidation: Break above 1.1750
💡 Risks
Sudden bullish engulfing near 1.1670 could negate the breakdown
Support at 1.1620 may trigger a bounce
US macro data could shift trend dynamics mid-move
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
EURUSD: Detailed Support Resistance Analysis For Next Week
Here is my latest support & resistance analysis for EURUSD
for next week.
Consider these structures for pullback/breakout trading.
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EURO long: The "What If?" tradeHello traders
The Euro is showing signs of bottoming out at the weekly support levels against
USD, JPY, CAD and AUD.
MOST IMPORTANT:
USD:
While King Dollar is clearly reigning after the FOMC indication not to expect rate cuts any time soon and solid economic data, the "What If" factor is NFP tomorrow and to a minor extent month end settling. If the NFP print comes in significantly lower than expectations, the Euro may pop higher. If the print is above expectations, still take a moment to check where the most jobs are. if it is in hospitality and leisure, it is probably summer hiring.
JPY: The BoJ kept rates unchanged.
CAD: The loonie is under siege with Trump's renewed 35% tariffs announced today. However, IF Russian sanctions against oil sales come to fruition, the CAD may strengthen. Watch Oil prices.
AUD: CPI came in below expectations. PPI has just printed lower too.
The Euro Zone's unemployment rate ticked down and German CPI ticked higher. The impact of tariffs seems to be priced in for the moment.
The biggest "What If" ?
The decision of the Federal Appeals Court if the International Trade Court verdict is upheld. In that case, it is all but guaranteed that it will reach the Supreme Court. IF the Supreme Court declares it unlawful, the USD MAY drop like a lead balloon.
The risk assets in these charts are all at right around the weekly 20 SMA.
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Just some food for thought. Let me know what your thoughts are.
EURUSD I Its re-accumulation. COT Overview Hey what up traders welcome to the COT data and Liquidity report. It's always good to go with those who move the market here is what I see in their cards. I share my COT - order flow views every weekend.
🎯 Non Commercials added significant longs and closed shorts at the same time. So for that reason I see the highs as a liquidity for their longs profits taking.
📍Please be aware that institutions report data to the SEC on Tuesdays and data are reported on Fridays - so again we as retail traders have disadvantage, but there is possibility to read between the lines. Remember in the report is what they want you to see, that's why mostly price reverse on Wednesday after the report so their cards are hidden as long as possible. However if the trend is running you can read it and use for your advantage.
💊 Tip
if the level has confluence with the high volume on COT it can be strong support / Resistance.
👍 Hit like if you find this analysis helpful, and don't hesitate to comment with your opinions, charts or any questions.
Analysis done on the Tradenation Charts
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"Adapt what is useful, reject what is useless, and add what is specifically your own."
— David Perk aka Dave FX Hunter ⚔️