EURUSD: Bullish Alignment Collapsed — Full Bearish in 3 Days

172
SmartFlow SMC Daily Cross-Asset Analysis — May 4

EUR's full bullish alignment — achieved just 3 days ago — has completely collapsed. Price at 1.1717 is now below EMA200 (1.1722). Structure is Bearish. Full bearish alignment confirmed.

Key Observations:

On May 1, EUR was the celebration story — the knife's edge resolved bullish at 1.1748 with +29 pips of cushion. Today, all of that is gone. The sell-off from the 1.1790 high was sharp, with BoS and MSS labels confirming the structural breakdown. Price sliced through EMA200 and the margin is now -6 pips.

EUR has been the most volatile swinger in this tracking period — and this confirms it. Full bullish to full bearish in 3 sessions. The EMA200 zone around 1.1720 continues to act as the gravity center.

Watch for: the 1.1660 zone as the next structural support. A reclaim above 1.1722 (EMA200) would re-enter conflict.

Cross-Asset Context:
EUR and Gold are now fully aligned bearish. BTC and NAS are in Bearish/Above conflict. The symmetry is clean: safe-haven and FX resolved first, risk assets holding their EMA200s for now.

| Asset | EMA200 | Structure | Status |
| XAUUSD | Below | Bearish | 🔴 Aligned Bearish |
| BTCUSD | Above | Bearish | ⚠️ Conflict |
| EURUSD | Below | Bearish | 🔴 Aligned Bearish |
| NAS100 | Above | Bearish | ⚠️ Conflict |

Not financial advice. For educational purposes only.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.