EURUSD possible bearish for 1.1490#EURUSD failed to form higher high and higher low to continue bullish trend. eurusd made a high on 1st July 1.1830, then price started retrace downside. 7th July daily bearish engulfing candle formed , early indication for selling. 23rd July price moved up side to test supply zone. Price did not break high of bearish engulfing candle and fall back. Price started heavily fall and broke recent supply level 1.1557 and form Lower High that is indication for trend reversal.
1.1738-70 ideal level for selling which is daily supply zone. stop loss above 1.1770 i.e. 1780-1.1800. target: 1.1490 and even may expect further down.
Eurusdanalysis
EUR/USD at Discount Level: Bullish Setup in FocusFenzoFx—EUR/USD bearish momentum extended to $1.154, the lower line of the flag. This is a support area backed by the Bullish FVG.
The immediate resistance is at $1.157. From a technical perspective, a close above this level can trigger an uptrend, targeting the bearish FVG at approximately $1.170 to $1.175.
Please note that the bullish outlook should be invalidated if EUR/USD falls below the main support level at $1.145.
EURUSD BUYEUR/USD retreats below 1.1550 ahead of US data
EUR/USD finds it difficult to stage a rebound following Monday's sharp decline and trades in negative territory below 1.1550 on Tuesday. The US Dollar (USD) preserves its strength ahead of consumer sentiment and employment-related data releases, weighing on the pair.
From a technical point of view, the EUR/USD pair is poised to extend its slump. It keeps falling below a mildly bearish 20 Simple Moving Average (SMA), which provides dynamic resistance at around 1.1690. The 100 SMA, in the meantime, maintains its bullish slope, albeit partially losing its upward strength at around 1.1340. Finally, technical indicators keep heading south well below their midlines, and at multi-week lows, in line with a bearish extension ahead.
The near-term picture shows EUR/USD is oversold and may bounce or consolidate before the next directional move. In the 4-hour chart, technical indicators turned flat at extreme levels, yet it keeps developing below all its moving averages, which skews the risk to the downside. A firmly bearish 20 SMA is crossing below the 100 SMA and aims to extend its slide below a directionless 200 SMA, usually a sign of prevalent selling interest.
SUPPORT 1.15566
SUPPORT 1.15819
SUPPORT 1.15566
RESISTANCE 1.15114
DeGRAM | EURUSD breakout📊 Technical Analysis
● Two successive rejections at the upper-channel/long-term trend-cap (red arrows) printed bearish engulfings; price has slipped back under 1.1687 minor support, breaking the July micro up-trend.
● Momentum now points to the channel mid-line ≈1.1650; clearing it exposes the lower rail / May pivot 1.1594, in line with the projected swing depth.
💡 Fundamental Analysis
● Hot US Q2-GDP and an upside surprise in core-PCE lifted 2-yr Treasury yields, reviving dollar demand, while ECB sources signalled no urgency to hike further after soft July PMIs.
✨ Summary
Short 1.1680-1.1700; hold below 1.1687 targets 1.1650 ▶ 1.1595. Invalidate on a 4 h close above 1.1750.
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Hold off on EURUSD for nowYesterday, EURUSD dropped over 150 pips following the trade agreement between the US and the European Union.
Tomorrow, the Fed is expected to announce interest rates, which could bring further volatility.
Avoid entering new positions at the moment and don’t overdo it with your lot sizes.
Once the news is out, there will be clearer and more confirmed trade opportunities.
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
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Euro/U.S. Dollar Analyze (EURUSD), 4-hour time frame.
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EURUSD LOSSES BULLISH MOMENTUM. WHERE TO GO?EURUSD LOSSES BULLISH MOMENTUM. WHERE TO GO?
The asset didn't reach the local resistance of 1.18300 and started to consolidate before reaching this level. RSI shows weakness of the impulse on 4-h chart, as well as MACD is in the red zone. Therefore, we expect the price to slowly decline towards local trendline, where SMA200 is situated.
Europe and the US Sign Trade Agreement, EUR/USD DeclinesEurope and the US Sign Trade Agreement, EUR/USD Declines
The past weekend was marked by the official signing of a trade agreement between the United States and Europe, as announced by US President Donald Trump and President of the European Commission Ursula von der Leyen following their meeting in Scotland.
According to reports, the agreement is based on a 15% baseline tariff on goods exported from Europe to the United States, with certain exemptions. As previously reported, a trade agreement with a 15% baseline tariff had earlier been concluded between the US and Japan.
According to President Trump:
→ under no circumstances did he allow the baseline tariff for Europe to fall below 15%;
→ the European Union committed to investing in the US economy, purchasing weapons, and importing energy resources.
The financial markets’ reaction to this news is noteworthy:
→ European stock indices opened the week with a bullish gap, reflecting relief that previously feared tariffs of up to 30% did not materialise;
→ the EUR/USD pair is exhibiting bearish momentum this morning.
Technical Analysis of the EUR/USD Chart
As indicated by the black arrow, bearish sentiment intensified on Monday morning, pushing the pair towards the 1.1700 level, which had previously acted as resistance in mid-July.
From the perspective of the ascending channel (shown in blue), its median line is currently acting as a resistance level – following contact with it, a short-term rally was broken (highlighted in purple). This reinforces the notion that bears are currently in control.
Given the above, we could suggest that, should bearish sentiment persist on the EUR/USD chart, we may soon witness an attempt to break through the 1.1700 support level. A successful breach could open the path for further downside movement of the euro against the dollar, towards the lower boundary of the channel.
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DeGRAM | EURUSD is correcting from the channel boundary📊 Technical Analysis
● A second rejection at the upper channel/1.1780 supply (red arrows) signals overextension; price is retracing toward the mid-July demand cluster where the rising-channel floor and prior swing base intersect near 1.1600.
● Momentum remains positive on higher-time-frame: each pull-back since May has held the channel support, and the current decline is unfolding as a corrective ABC that projects into 1.1585-1.1620 — a historically bid zone.
💡 Fundamental Analysis
● Softer US Q2-GDP deflator cooled 2-yr yields, while July Euro-area CPI flash is expected to stay sticky, trimming the Fed–ECB policy gap and limiting EUR downside.
✨ Summary
Buy 1.1585-1.1620; hold above 1.1594 targets 1.1687 → 1.1780. Long view invalidated on an H4 close below 1.1530.
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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
EURUSD IS ON ITS WAY TO LOCAL HIGHSEURUSD IS ON ITS WAY TO LOCAL HIGHS
EURUSD successfully rebounded from local support of 1.16000 and since then continues to rise towards local resistance of 1.18300. Recently the price has started to show the bearish divergence on RSI and Macd indicators. MACD went into the red zone.
What is the bearish divergence?
Bearish divergence is a technical analysis pattern where the price makes higher highs in an uptrend, but a momentum indicator (e.g., RSI, MACD) forms lower highs, signaling weakening bullish momentum and a potential downward reversal. To trade, identify the divergence in a clear uptrend with the indicator showing lower highs (e.g., RSI above 70). Sell or short when the price confirms a reversal (e.g., breaks below a support level or trendline) with increased volume. Set a stop-loss above the recent high. Target the next support level.
Generally speaking, it doesn't necessarily mean that EURUSD will drop immediately, the price may even grow a bit. However, it highlights some short opportunities.
DeGRAM | EURUSD breakout📊 Technical Analysis
● Breakout – candles have closed twice above the channel roof (black), then retested 1.1690 as support (blue circled zone); the pull-back printed higher-lows along the intraday trend-line, confirming a bullish transition.
● The flag forming beneath 1.1750 measures toward the confluence of the July swing high and rising fork top at 1.1810; invalidation rests at the last swing-low 1.1615.
💡 Fundamental Analysis
● Euro sentiment improves after Euro-area core CPI edged up to 2.9 % y/y while soft US durable-goods orders trimmed 2-yr Treasury yields, narrowing the rate gap.
✨ Summary
Buy 1.1685-1.1700; hold above 1.169 targets 1.175 ➜ 1.181. Exit on an H1 close below 1.1615.
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DeGRAM | EURUSD in the consolidation zone📊 Technical Analysis
● Price broke the month-long bearish channel and is now basing inside the 1.165-1.169 consolidation block; repeated intraday retests (blue zone) turn the former cap into fresh support.
● A steep hourly up-sloper is carving successive higher-lows; its width and the prior channel depth project follow-through toward 1.1745 (mid-July pivot) with room to the next swing line at 1.1800.
💡 Fundamental Analysis
● FXStreet highlights softer US PMIs and a pull-back in 2-yr yields, while ECB sources flag “data-dependent patience” rather than imminent cuts—narrowing the short-rate gap and favouring the euro.
✨ Summary
Long 1.1650-1.1680; hold above the blue base targets 1.1745 ➜ 1.1800. Long view void on an H1 close below 1.1615.
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EUR/USD Elliott Wave Update –Classic Wave 5 Breakout OpportunityThis chart of the EUR/USD pair shows a well-structured Elliott Wave impulse pattern unfolding on the 4-hour timeframe. The price action is currently progressing in the final Wave (5) of the impulse cycle, which typically represents the last bullish leg before a larger correction begins.
Wave (1): The initial move up from the bottom (early May), showing a clean 5-wave internal structure.
Wave (2): A healthy retracement after Wave 1, forming a base for further upside.
Wave (3): The strongest and steepest rally, as expected in Elliott theory. It broke past previous highs and extended sharply.
Wave (4): A corrective phase that formed a falling wedge pattern — typically a bullish continuation pattern.
Wave (5): Currently in progress. The wedge has broken to the upside, confirming the potential start of Wave 5.
Target 1 (T1): 1.18306
Target 2 (T2): 1.19012
Stop Loss (SL): 1.16600
After a strong uptrend, the market went sideways in a wedge pattern (a typical wave 4 behavior). It has now broken out, signaling the start of the final wave 5 move. This is often a strong and sharp push. Since the breakout is clean and the Elliott wave count aligns well, this creates a favorable long opportunity
EUR/USD Eyes $1.179 If Resistance BreaksFenzoFx—EUR/USD is testing the 100-day moving average as resistance, a supply zone backed by VWAP at $1.171. The Stochastic Oscillator depicts 81.0 in the description, meaning the Euro is overpriced in the short term.
Therefore, we expect the pair to test the $1.160 demand zone before the uptrend resumes. Furthermore, the bullish outlook remains valid above $1.155, and a break above resistance at $1.171 can trigger the uptrend, targeting $1.179.
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.
DeGRAM | EURUSD moving in an ascending channel📊 Technical Analysis
● Bulls punched through the 11-day descending trend-line (circled “breakout”) and immediately based on it, keeping the rising 30-min channel of higher-lows intact.
● The next confluence lies at 1.1665 where the channel mid-line meets the prior swing top; clearance unlocks the upper band / July supply at 1.1692-1.1700.
💡 Fundamental Analysis
● Friday’s slide in US 2-yr yields after soft existing-home-sales and mixed Fed speak trims dollar carry, while pre-ECB-meeting sources stress “data-dependent patience,” limiting euro downside.
✨ Summary
Long 1.1635-1.1650; hold above 1.1665 targets 1.1692 → 1.1700. Bias void on an H1 close below 1.1615.
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EURUSD FOUND SUPPORT, READY TO BREAK THE CHANNELEURUSD FOUND SUPPORT, READY TO BREAK THE CHANNEL🔥
EURUSD has been trading within the descending channel since the beginning of the descending channel. Recently the price reached the major trendline, graph started to show the bullish divergence on the RSI .
What is a bullish divergence?
A technical analysis pattern where the price makes lower lows, but a momentum indicator (e.g., RSI, MACD) forms higher lows, signaling weakening bearish momentum and a potential trend reversal upward.
So, another hike in this pair is expected. Possible direction: spike towards the SMA200, minor pullback and a further development of the bullish impulse.
DeGRAM | EURUSD reached the resistance line📊 Technical Analysis
● EUR/USD has reclaimed the inner resistance of the 8-day descending channel after a V-shaped rebound from the lower rail; candles are now riding a fresh micro up-sloper.
● A 30 min close above 1.1666 (channel roof / prior pivot) confirms trend reversal and projects the measured move to the higher congestion band at 1.1690-1.1700.
💡 Fundamental Analysis
● Yesterday’s dip in US 2-yr yields after weaker Philly-Fed new-orders and higher jobless claims softens dollar demand, while ECB minutes signalled no rush to ease further, supporting the euro.
✨ Summary
Long 1.1630-1.1650; break of 1.1666 targets 1.1690 → 1.1700. Invalidate on an H1 close below 1.1585.
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EURUSD BUYThe EUR/USD pair edged lower in the past week, settling a handful of pips below the 1.1700 mark, further retreating from the multi-year peak posted early in July at 1.1830. Financial markets kept revolving around the United States (US) President Donald Trump's targets. With geopolitical woes cooling down, Trump’s focus returned to tariffs, and the Federal Reserve’s (Fed) wait-and-see stance on monetary policy.
Trump fixated on tariffs and Powell
Since the week started, speculative interest kept their eyes on the July 9 tariffs deadline. Trump announced massive retaliatory levies on over 180 trading partners in May, quickly establishing a 90-day grace period afterwards. His goal was to clinch better trade deals with all these nations. But as the date loomed, deals were scarce. The US made some trade arrangements with some minor economies, such as Vietnam, but there were none with major counterparts, nor, of course, with China
TP 1 1.162
TP 2 1.165
TP 3 1.168
RESISTANCE 1.154
EUR/USD Resumes Bearish Trend Below $1.176FenzoFx—EUR/USD trades bearish, below the 100-SMA, and is currently testing the bullish FVG as support. Yesterday, Euro failed to pass the immediate resistance at $1.176; therefore, we expect the bearish bias to resume.
In this scenario, EUR/USD's downtrend could extend to the next support level at $1.151. Please note that the bearish outlook should be invalidated if Euro closes and stabilizes above $1.176.
DeGRAM | EURUSD rebound from the trend line📊 Technical Analysis
● Price printed a hammer and bullish RSI divergence on the lower rail of the 3-week descending channel (green arrow 1.1598), breaking the inner wedge that guided last leg down.
● First resistance is the channel mid-line / prior pivot 1.1632; a move through it exposes the upper band near 1.1692, where July supply and the larger bearish trend-line converge.
💡 Fundamental Analysis
● Softer US retail-sales control-group and Daly’s “more evidence needed” remarks cooled 2-yr yields, trimming dollar support, while ECB’s Knot said additional cuts “are not imminent,” limiting euro downside.
✨ Summary
Long 1.1600-1.1620; hold above 1.1632 targets 1.1690. Long view void on an H1 close below 1.1580.
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