Key resistance for EURUSDYesterday, EURUSD moved higher and reached a key resistance level at 1,1720.
Watch closely to see if there’s enough momentum for a breakout and further upside.
If the price gets rejected, we could see a deeper correction.
Increased volatility is likely on Thursday following the ECB decision.
At the current levels, there’s no clear reason to enter a trade.
USDEUR trade ideas
EURUSD – Is the rally over? Time for a collapse?The technical picture reveals that EURUSD is losing momentum after a brief rebound. The 1.1700 level stands as a key resistance – if bulls fail to break it, the bears will take the wheel! A clear scenario is forming: lower highs, FVGs filled, and a potential drop toward the 1.1580 support zone this week.
The bad news for the euro isn’t over: yesterday’s Eurozone PMI data disappointed heavily, signaling stagnating growth. Meanwhile, the USD is gaining traction from strong labor data and hawkish Fed remarks, putting EURUSD under double pressure.
If the ascending trendline breaks, EURUSD could plunge even further – get ready for a potential breakdown!
Suggested strategy: Prioritize SELL below 1.1700, with a short-term target at 1.1580.
Stop-loss: Above 1.1720 – a breakout here would invalidate the bearish setup.
EURUSD SELLEUR/USD stays defensive below 1.1800 ahead of ECB decision
EUR/USD remains in a bullish consolidation mode below 1.1800 in European trading on Thursday. Traders refrain from placing fresh bets ahead of the European Central Bank policy announcements and the US preliminary PMI data. Mixed PMI data from Germany and the Eurozone failed to trigger a noticeable reaction.
The EUR/USD pair retreated from a fresh two-week peak at 1.1781 posted during Asian trading hours, hovering around 1.1750 ahead of the European Central Bank (ECB) monetary policy announcement. The US Dollar (USD) edged lower on the back of risk appetite, amid headlines indicating a trade deal between Japan and the United States (US).
US President Donald Trump announced in a post on social media a trade deal with Japan that sets "reciprocal" tariffs at 15% on Tuesday, while Japanese Prime Minister Shigeru Ishiba acknowledged the trade agreement on Wednesday, saying it would benefit both sides. Trump shifted his attention to the European Union (EU), noting that if the Union agrees to open up to US businesses, he will then charge lower levies.
Meanwhile, the Hamburg Commercial Bank (HCOB) published the preliminary estimates of the July Purchasing Managers’ Indexes (PMIs). European growth stands at its highest in almost a year according to the surveys, as the Composite PMI rose to 51.0 in July from 50.6 in Jun,e while beating expectations of 50.8.
As for the ECB, the central bank announced its decision to keep the benchmark rates on hold, as widely anticipated. The interest rate on the main refinancing operations, the interest rates on the marginal lending facility and the deposit facility stood at 2.15%, 2.4% and 2%, respectively. The headline had no impact on EUR/USD, which kept trading at around 1.1750.
Right afterwards, the US released Initial Jobless Claims for the week ended July 19, which improved to 217K from the 221K previously posted and the 227K anticipated. Coming up next is ECB President Christine Lagarde's press conference, and the US S&P Global preliminary July PMIs.
SUPPORT 1.17118
SUPPORT 1.16767
SUPPORT 1.16316
RESISTANCE 1.17937
RESISTANCE 1.17703
Short or Long-Market is at has broken resistance level but has not tested.
-Market may be rejected by resistance to form a double top (M shape)
-If 14:15 interest rates news are positive on the Euro, we will have to take a long position, to which it may come to retest the new support after some time, confirming the long position.
-If the markets for a double bottom, it means we have tested the resistance level at a second rejection. We would then have to short that position.
EUR/USD: Bearish Trend in FocusHello everyone, what are your thoughts on EUR/USD?
From my personal analysis, it's clear that EUR/USD is extending its downtrend. The pair is trading around 1.164 and is under pressure from sellers after breaking below both the EMA 34 and EMA 89, with EMA 34 already turning downward — a classic bearish signal.
On the macro side, the European Central Bank is set to announce its monetary policy decision on Thursday. Meanwhile, U.S. President Donald Trump's ongoing trade tensions may add further uncertainty to the market. This corrective downtrend in EUR/USD could very well continue in the weeks ahead.
What do you think — will EUR/USD keep falling?
follow EURUSD LION & PLANE BUY SETUPTHE PRICE has moved as I explained in the last two posts
but we have some update to go along the way
the price could break failing channel
and withdrawal liquidity and filled imbalance
hence reflect from demand zone with zero reflection as i explained in last post with rock and plane
and it will go up to take liquidity in failing channel or downtrend
EUR/USD Rises to 2.5-Week High Ahead of ECB MeetingEUR/USD Rises to 2.5-Week High Ahead of ECB Meeting
Today at 15:15 GMT+3, the European Central Bank (ECB) will announce its interest rate decision, followed by a press conference at 15:45 GMT+3. According to Forex Factory, the main refinancing rate is expected to remain unchanged at 2.15% after seven consecutive cuts.
In anticipation of these events, the EUR/USD exchange rate has risen above the 1.1770 level for the first time since 7 July. Bullish sentiment is also being supported by expectations of a potential trade agreement between the United States and the European Union. According to Reuters, both sides are reportedly moving towards a deal that may include a 15% base tariff on EU goods entering the US, with certain exemptions.
Technical Analysis of the EUR/USD Chart
From a technical perspective, the EUR/USD pair has shown bullish momentum since June, resulting in the formation of an ascending channel (marked in blue).
Within this channel, the price has rebounded from the lower boundary (highlighted in purple), although the midline of the blue channel appears to be acting as resistance (as indicated by the arrow), slowing further upward movement.
It is reasonable to assume that EUR/USD may attempt to stabilise around the midline—where demand and supply typically reach equilibrium. However, today’s market is unlikely to remain calm. In addition to the ECB’s statements, volatility could be heightened by news surrounding Donald Trump’s unexpected visit to the Federal Reserve.
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.
EURUSD Q3 | D21 | W30 | Y25 📊EURUSD Q3 | D21 | W30 | Y25
Daily Forecast 🔍📅
Here’s a short diagnosis of the current chart setup 🧠📈
Higher time frame order blocks have been identified — these are our patient points of interest 🎯🧭.
It’s crucial to wait for a confirmed break of structure 🧱✅ before forming a directional bias.
This keeps us disciplined and aligned with what price action is truly telling us.
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Max 1% risk per trade
Only execute at pre-identified levels
Use alerts, not emotion
Stick to your RR plan — minimum 1:2
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EUR USD longlong-term trend is bullish yet we may have a correction or a change in trend but always trade the trends the chance of reversal is always lower then the chance of continuation ...
Please note: This is for educational purposes only and not a trading signal. These ideas are shared purely for back testing and to exchange views. The goal is to inspire ideas and encourage discussion. If you notice anything wrong, feel free to share your thoughts. In the end, to learn is to share !
EURUSD ahead of the ECBYesterday, EURUSD continued its bullish movement, reaching 1,1780.
Today, the ECB will announce its decision on interest rates.
The news is scheduled for 1:15 PM, followed by a press conference 30 minutes later.
Expect possible sharp and misleading price movements — reduce your risk and avoid rushing into new positions!
EURUSD – Recovery losing steam, correction risk is risingAfter rebounding from the trendline support, EURUSD is now approaching the key resistance area around 1.17500 — a zone that has historically triggered multiple rejections. However, with French and German PMI figures coming in below expectations and the ECB holding rates steady without providing any fresh policy guidance, the euro lacks the momentum for a sustained move higher.
On the H4 chart, price action is showing signs of exhaustion as it tests resistance. If buyers fail to break through convincingly, a pullback toward the 1.16800 support zone — or even deeper toward 1.16400 — becomes increasingly likely.
Preferred strategy: Watch for bearish rejection patterns near 1.17500. If confirmed, this could be a favorable opportunity to initiate short positions in anticipation of a correction.
Educational EUR/USD Chart Breakdown – Price Action at Key LevelsEducational EUR/USD Chart Breakdown – Price Action at Key Levels
This EUR/USD (1-hour) chart provides a great example of how support and resistance zones, combined with price action and indicators like Bollinger Bands, can help anticipate market moves.
🔹 Resistance Zone Tested:
The pair recently approached the 1.17500–1.17800 resistance zone. This level had previously acted as a supply zone, and price once again showed rejection here, indicating selling pressure.
🔹 Bollinger Band Overextension:
Notice how the price extended beyond the upper Bollinger Band—this often signals that the market is overbought in the short term, leading to a potential reversal or correction.
🔹 Bearish Reaction & Target:
After rejection from resistance, the chart outlines a bearish move with a target at 1.16097. This level lies just above the next strong support zone (1.15500–1.16100), offering a realistic area for price to stabilize if the downtrend continues.
🔹 What to Learn:
Support & Resistance: Prices often react at key zones; previous resistance can turn into support and vice versa.
Confluence Tools: Use indicators like Bollinger Bands with price structure to increase confidence.
Target Planning: Identify likely reaction zones for risk management and profit-taking.
📚 Summary
This setup is a clean example of trading within a range and using technical confluence to plan entries and exits. If price breaks below 1.17130 with strong momentum, the probability increases for the market to reach the 1.16097 target.
EURUSD Will the 1D MA50 hold?The EURUSD pair seems to be rebounding just before a 1D MA50 (blue trend-line) test, which is its short-term Support. At the same time it bounced off the 0.382 Fibonacci retracement level, which after a +6.92% rise, it resembles the March 27 rebound.
The 1D RSI is printing a standard bullish reversal setup, seen already 4 times since February, and a break above its MA will confirm it.
As long as the 1D MA50 holds, it may extend the uptrend to a new Channel Up (dashed), outside the blue one that may look for a new +6.92% rise. In that case our Target will be 1.21000.
If the 1D MA50 breaks, we will add one last buy at 1.14000, near the 1D MA100 (green trend-line).
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EURUSD Weekly Technical Analysis – Major Downtrend Line in Focus📈 EURUSD Weekly Technical Analysis – Major Downtrend Line in Focus
As seen on the chart, EURUSD is currently approaching a long-term descending trendline on the weekly timeframe. This trendline has historically acted as a strong supply zone, so it’s crucial to have it drawn on your chart.
🔸 If price manages to break above the resistance at 1.17545, we could see a bullish continuation toward the next targets at 1.17900, 1.18545, and potentially 1.19000.
🔻 However, if price gets rejected around the resistance zone (1.17500–1.17800), key supports to watch are 1.16960, 1.16500, and the major support at 1.14900.
⏳ A move toward the downtrend line is highly likely, but it may take time. Stay patient and monitor these key zones closely.
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