Euro / U.S. Dollar - 2h Chart (OANDA)2-hour candlestick chart of the EUR/USD currency pair from OANDA, showing the exchange rate trend from late June to July 07, 2025. The current rate is 1.17774, with a 0.00200 (0.17%) increase. The chart highlights a recent trading range between 1.17774 (sell) and 1.17824 (buy), with a notable upward movement in the past few hours.
USDEUR trade ideas
Long EURUSDThe uptrend on EURUSD remains intact, and buying opportunities are still the only viable option.
No major news is expected from the economic calendar this week.
Watch for the end of the current pullback and signs of a new bullish move.
The target is a breakout above the previous high, aiming for 1,1915.
EUR/USD Weakens After Rising Wedge BreakdownAfter forming a rising wedge at the top of the upward channel, EUR/USD has broken to the downside. The price is now trading below 1.17813 and struggling to reclaim previous support zones.
The break of the wedge and failure to hold above 1.17813 may indicate more downside pressure.
Bull Flag PatternThe EURUSD is developing a bull flag pattern, and reinforced the pattern on the dip to the 1.1686 level, or 38% retracement. For bulls, this level will be critical to hold in the session ahead. A break back above the flag resistance at 1.1750 would reengage the dip buyers.
For the traders looking for a bigger US Dollar bounce, a move back below the 1.1686 level may open the door for a move back below the 1.1600 level.
EURUSD H1 I Bearish Reversal Based on the H1 chart, the price is approaching our sell entry level at 1.1778, a pullback resistance.
Our take profit is set at 1.1758, an overlap support.
The stop loss is set at 1.180, a swing high resistance.
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EURUSD Will Go Down From Resistance! Short!
Here is our detailed technical review for EURUSD.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 1.177.
The above observations make me that the market will inevitably achieve 1.172 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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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Downtrend It is expected that after some fluctuation in the current resistance range, a trend change will take place and we will see the beginning of a downtrend. A break of the green support range will be a confirmation of the downtrend. With a break and consolidation above the resistance range, the alternative scenario will be a continuation of the uptrend.
Dollar firms as tariff tensions resurface | FX ResearchAs US traders return from the Independence Day holiday, they'll find a stronger dollar supported by renewed trade tensions and geopolitical noise. Tariffs are back in focus ahead of Wednesday's deadline, with President Trump warning that countries aligning with BRICS policies contrary to US interests will face a 10% tariff.
Markets remain frustrated by shifting timelines as reciprocal tariffs are now pushed to August 1st. China has also announced retaliatory curbs on EU medical device imports, complicating its outreach to the Eurozone.
In Japan, real wages slumped 2.9% in May, underscoring inflation pressures ahead of key elections later this month. On a more positive note, Germany's May industrial production jumped 1.2% and the Eurozone Sentix survey beat expectations, though ECB's Centeno warned of downside risks to inflation and potential euro weakness.
In Sweden, faster-than-expected CPI data has cast doubt on near-term rate cuts from the Riksbank. Today is quiet on the data front in North America, but attention turns to ECB’s Holzmann for further policy clues.
Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
EURUSD: The Market Is Looking Up! Long!
My dear friends,
Today we will analyse EURUSD together☺️
The market is at an inflection zone and price has now reached an area around 1.17341 where previous reversals or breakouts have occurred.And a price reaction that we are seeing on multiple timeframes here could signal the next move up so we can enter on confirmation, and target the next key level of 1.17512.Stop-loss is recommended beyond the inflection zone.
❤️Sending you lots of Love and Hugs❤️
EU| - Bullish Structure Intact | Watching for SSL Sweep and RunPair: EURUSD
Bias: Bullish
Timeframes: 4H, 2H, LTFs
• 4H structure is clean and bullish — momentum’s been steady, and the market looks ready to ride higher going into next week.
• 2H gives clarity — I’m watching for a sweep of SSL into OB to set the stage for LTF confirmation.
• Entry process remains the same: wait for CHoCH, followed by sweep inside the OB zone.
🔹 Entry: After CHoCH + sweep inside OB (LTF process repeated)
🔹 Entry Zone: After confirmation within OB
🔹 Target: Structure highs — letting price unfold with the trend
Mindset: Patience pays the most. Wait for the market to come to you, not the other way around.
Bless Trading!
MY TCB STRATEGY🔍 Detailed Breakdown
✅ Trend Structure
1H and 4H trends are strongly bullish.
Clean higher highs and higher lows.
Momentum shows clear breakout from range on June 21–24.
🟦 EP1 Zone (1.1600–1.1615) – Minor Pullback
Risk: Price still within supply; not yet a confirmed retracement.
If entry is taken here, price must:
Form a bullish engulfing or low-timeframe FVG at the zone.
Hold above 1.1595 to remain valid.
✅ Good for momentum re-entry.
❗ Risk of getting trapped if deeper retracement (EP2) is needed.
🔲 EP2 Zone (1.1580–1.1600) – Optimal Confluence
Aligns with:
H4 trendline
Breaker block
Prior demand + FVG
If price pulls back here, it offers:
Best RR and lowest risk entry
Ideal setup for Set & Forget
✅ This is the premium zone for longs if price dips.
🎯 Targets
TP1: 1.17250 – Previous high and clean liquidity magnet
TP2: 1.17530 – Next external liquidity (major high)
Both targets are realistic in bullish continuation scenario.
⚖️ Entry Comparison Table
Zone Entry Level Pros Cons R:R Est.
EP1 1.1610 Close to momentum, smaller pullback High risk of rejection/fakeout ~1:2
EP2 1.1585 Trendline + breaker + clean RR May not reach (missed entry risk) ~1:2.8+
🔔 Alerts Recommendation
1.1590: Buy alert for EP2 zone entry
1.1625: Bullish break confirmation
1.1545: Invalidation level (structure break)
🧠 TCBFlow Final Thought:
“EP1 is for aggressive traders. EP2 is for patient execution. The market owes you nothing – it only rewards precision.”
📊 Final Score
Setup Score %
EP1 7/10 70% ⚠️ Medium Confidence (Requires confirmation)
EP2 9/10 90% ✅ High Confidence (Best TCB zone)
🧠 Summary:
EP1 is early, momentum-based — only enter if you see strong bullish PA.
SET and FORGET
EP2 is clean, structured, and high-confluence — best suited for Set & Forget with minimum emotional interference.
Market Re-Cap and Outlook for NEXT WEEKHere I am giving you a little insight as to what trades I am currently in, taken & looking to take for the week just gone and the week coming.
1 Winning trade on EU
1 Current open position on EU
EURGPB - Breakdown
AUDUSD - Breakdown
NZDUSD - Breakdown
Gold - Breakdown
If there are any pairs you would like me to share my feedback on give me a message and I will be happy to try and do so.
Thanks
Happy Hunting
EURUSD is moving within the 1.16850 -1.18310 range👀 Possible scenario:
The euro (EUR) dropped 0.6% on July 7 amid rising trade tensions and fading hopes for near-term rate cuts by the Federal Reserve. Market sentiment turned cautious after U.S. President Donald Trump announced new tariffs targeting 14 countries without trade deals, raising concerns over global trade disruption.
Major exporters like Japan and South Korea could face 25% tariffs if deals aren’t reached, while nations aligning with BRICS risk an extra 10% duty. With a quiet economic calendar on July 8, market volatility may ease, though investors remain alert to any trade policy shifts that could spark renewed market reaction.
✅Support and Resistance Levels
Now, the support level is located at 1.16850
Resistance level is located at 1.18310