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EUR/USD Price Outlook – Trade Setup📊 Technical Structure CMCMARKETS:EURUSD EUR/USD is consolidating around 1.1620, holding above Support Zone 1 (1.1585–1.1606). The chart shows a potential rebound structure: if buyers defend this zone, the pair could climb toward Resistance Zone 1 (1.1703–1.1718), where the descending trendline also intersects. A rejection from that resistance would confirm bearish continuation, with a possible slide back toward Support Zone 2 (1.1535–1.1550). The overall structure remains within a downtrend, but near-term rebounds are possible. 🎯 Trade Setup Entry: 1.1592–1.1606 (buy near Support Zone 1) Stop Loss: 1.1588 Take Profit 1: 1.1680 Take Profit 2: 1.1703 Take Profit 3: 1.1718 Risk/Reward (R:R): ~1 : 5.35 🗝️ Key Technical Levels Support Zone 1: 1.1592–1.1606 Support Zone 2: 1.1535–1.1550 Resistance Zone 1: 1.1703–1.1718 Trendline Resistance: From early October highs 🌍 Macro Background The euro gains some stability as US-China trade tensions escalate following Trump’s announcement of 100% tariffs on Chinese imports from November 1, weighing on the USD. The ongoing US government shutdown has delayed federal paychecks, further undermining confidence in the dollar. Meanwhile, in Europe, political risks in France have eased as President Macron prepares to appoint a new prime minister, reducing fears of snap elections. On the monetary policy front, the ECB September meeting minutes reaffirmed policymakers’ confidence that current rates are sufficiently restrictive to guide inflation back toward the 2% target. 📌 Trade Summary EUR/USD is testing Support Zone 1 near 1.1600. As long as this support holds, a rebound toward 1.1700–1.1718 is possible, offering short-term long opportunities. However, the broader downtrend remains intact; a rejection near resistance could provide a better risk-reward short setup targeting 1.1550–1.1535. ⚠️ Disclaimer This analysis is for reference only and does not constitute trading advice. Trading involves significant risk, and proper risk management is essential.
Long
by ATFX_Global
EUR/USD Falls to Two-Month LowEUR/USD Falls to Two-Month Low As shown on the EUR/USD chart today, the euro has dropped below 1.1550 against the US dollar — its lowest level since early August. The main driver of pressure on the single currency remains the political crisis in France: President Emmanuel Macron is currently seeking a candidate for the position of prime minister. The situation is complicated by the fact that: → the government needs to quickly approve a rather tight budget reflecting the country’s significant deficit; → media reports highlight unrest in the streets; → financial market turbulence is intensifying amid uncertainty surrounding the ongoing US government shutdown. Technical Analysis of the EUR/USD Chart On 6 October, we noted that: → fluctuations in EUR/USD over recent months had formed an upward channel (shown in blue); → we highlighted a break below line S; → and suggested that a bearish break below 1.16600 would pave the way for a decline towards key support at 1.14500. Indeed, following the break of 1.16600, the downtrend continued. How might the situation develop from here? To explore this, we extended the ascending channel and proposed a hypothesis that in mid-September, the price entered a supply zone (marked in purple) above the previous peak near 1.1790 and the psychological level of 1.1800. In other words, smart money appeared to be forming short positions, as described by the Liquidity Sweep pattern. Since then, the market has been moving in search of liquidity on the opposite side. On the EUR/USD chart, we have identified a potential demand zone around key levels: → the lower boundary of the blue channel; → the 1.1530 level, where buyers’ stop-losses may be located; → and the mentioned support at 1.14500. From a bearish perspective: → the market is moving within a descending channel (shown in red); → resistance may be provided by both its median line and the former local support at 1.1600. In light of the above: → in the short term, the market remains bearish; → in the medium term, bearish pressure may ease, and EUR/USD could begin to consolidate. Whether this scenario unfolds — and in what configuration — will largely depend on the news flow and political developments in both the US and France. 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.
by FXOpen
1
EUR/USD Price Outlook – Trade Setup (EUR/USD)📊 Technical Structure CMCMARKETS:EURUSD EUR/USD is trading near 1.1616, struggling to recover after breaking below the short-term trendline. Price action shows rejection from the 1.1636–1.1647 resistance zone, while downside momentum is supported by a descending channel structure. Sellers remain in control unless bulls reclaim resistance. 🎯 Trade Setup Entry: 1.1636 – 1.1647 (Resistance Rejection Zone) Stop Loss: 1.1652 Take Profit 1: 1.1583 Take Profit 2: 1.1571 Risk-to-Reward (R:R): ~1 : 4.12 🗝 Key Technical Levels Resistance Zone: 1.1636 – 1.1647 Support Zone: 1.1571 – 1.1583 Current Price: 1.1616 🌍 Macro Background Markets are increasingly concerned with G10 government debt sustainability, particularly France, the UK, and the US. The US Congressional Budget Office estimates the deficit at $1.8 trillion, while weak economic data continues to raise expectations for more Fed rate cuts this year. However, political instability in Europe (e.g., French government crisis) is keeping pressure on the euro. A cautious ECB stance, alongside market fears of fiscal slippage, may limit EUR/USD upside. 📌 Trade Summary EUR/USD remains bearish below 1.1647 resistance. A rejection in this area could extend the decline toward 1.1571 support, in line with debt concerns and risk-off flows supporting USD. ⚠️ Disclaimer This analysis is for reference only and does not constitute trading advice. Trading involves significant risk, and proper risk management is essential.
Short
by ATFX_Global
EURUSD Daily Forecast -Q4 | W41 | D6 | Y25|📅 Q4 | W41 | D6 | Y25| 📊 EURUSD Daily Forecast 🔍 Analysis Approach: I’m applying Smart Money Concepts, focusing on: Identifying Points of Interest on the Higher Time Frames (HTFs) 🕰️ Using those POIs to define a clear trading range 📐 Refining those zones on Lower Time Frames (LTFs) 🔎 Waiting for a Break of Structure (BoS) for confirmation ✅ This method allows me to stay precise, disciplined, and aligned with the market narrative, rather than chasing price. 💡 My Motto: "Capital management, discipline, and consistency in your trading edge." A positive risk-to-reward ratio, paired with a high win rate, is the backbone of any solid trading plan 📈🔐 ⚠️ Losses? They’re part of the mathematical game of trading 🎲 They don’t define you — they’re necessary, they happen, and we move forward 📊➡️ 🙏 I appreciate you taking the time to review my Daily Forecast. Stay sharp, stay consistent, and protect your capital — FRNGT 🚀 FX:EURUSD
Long
by JCFRGNT
EUR/USD Outlook - EUR/USD Awaits Next Directional MoveHi Everyone, EUR/USD saw a brief relief rally before spending the remainder of the week consolidating within range. Looking ahead, we’ll be watching closely to see whether the correction phase is complete. If price holds above the 25 September low at 1.16451, a retest of the 17 September high near 1.19193 remains likely. However, a break below that low would open the door for a move toward 1.15721 and potentially 1.14041, where fresh buying interest may re-emerge. While there’s still scope for a deeper correction toward 1.14041, our immediate focus remains on 1.15721 as the key level to monitor. The impulsive rally from the 1st August low continues to underpin our broader bullish outlook on EUR/USD. We expect the pair to retest support and reinforce it as a base for the next leg higher, with upside targets remaining at the 1.19290 zone and ultimately the 1.20000 handle. We’ll be monitoring price action closely to see whether this recovery gains traction and if buyers can sustain momentum through resistance. The longer-term outlook remains bullish, provided price continues to hold above the key support levels. We’ll keep updating you throughout the week as the structure develops and share how we’re managing our active positions. Thanks again for all the likes, boosts, comments, and follows — your support is truly appreciated! All the best for the rest of the week. Trade safe. BluetonaFX
by BluetonaFX
EUR/USD Price Outlook – Trade Setup 📊 Technical Structure CMCMARKETS:EURUSD EUR/USD is trading around 1.1726, having rebounded from the support zone near 1.1663 – 1.1648. The pair remains within an upward channel structure, with higher lows intact. Immediate resistance stands at 1.1803 – 1.1820, where sellers have capped recent rallies. A break above this zone would confirm bullish continuation, while a rejection could keep price range-bound. Support remains key at 1.1663, aligning with the channel base. 🎯 Trade Setup (Long Scenario) Entry: 1.1663 Stop Loss: 1.1637 (below support) Take Profit 1: 1.803 Take Profit 2: 1.1820 R:R Ratio: ~1 : 6.08 🌍 Macro Background The Euro is stabilizing as markets await the Eurozone Services PMI and remarks from ECB President Lagarde. The US Dollar briefly gained support after Dallas Fed President Logan expressed caution about further rate cuts, curbing aggressive easing bets. However, the broader backdrop remains supportive for EUR/USD: US government shutdown has delayed key data releases, reducing USD momentum. Eurozone unemployment ticked higher to 6.3%, but the Services PMI is expected to show the strongest expansion this year. Markets still price in a high probability of two Fed cuts by year-end, keeping the USD under pressure. Overall, as long as EUR/USD holds above the 1.1660 zone, the upside bias remains intact toward 1.1820. 🔑 Key Technical Levels Resistance: 1.1803 / 1.1820 Support: 1.1663 / 1.1648 📌 Trade Summary EUR/USD is trading within a bullish channel, supported above 1.1660. A pullback toward support offers a buying opportunity, targeting 1.1803–1.1820. Macro risks such as Fed guidance and Eurozone PMI remain in focus. ⚠️ Disclaimer This analysis is for reference only and does not constitute trading advice. Trading involves significant risk, and proper risk management is essential.
Long
by ATFX_Global
EURUSD Trade Plan: Watching for Retracement and Buy Opportunity📊 EURUSD has been trading firmly bullish, driving higher into a key resistance area 💹. 🔎 With price now testing this zone, I’ll be watching closely for a retracement. A pullback would provide the opportunity to look for a bullish break of structure on a lower timeframe, setting up a clean long entry 🎯. 📈 The overall trend bias remains to the upside, so patience is key while waiting for price to confirm the setup 🚀. ⚠️ Disclaimer: This analysis is for educational purposes only and not financial advice. Always trade responsibly and manage risk carefully.
Long
by fxtraderanthony
1
EURUSD Daily Forecast -Q4 | W40 | D1 | Y25|📅 Q4 | W40 | D1 | Y25| 📊 EURUSD Daily Forecast 🔍 Analysis Approach: I’m applying Smart Money Concepts, focusing on: Identifying Points of Interest on the Higher Time Frames (HTFs) 🕰️ Using those POIs to define a clear trading range 📐 Refining those zones on Lower Time Frames (LTFs) 🔎 Waiting for a Break of Structure (BoS) for confirmation ✅ This method allows me to stay precise, disciplined, and aligned with the market narrative, rather than chasing price. 💡 My Motto: "Capital management, discipline, and consistency in your trading edge." A positive risk-to-reward ratio, paired with a high win rate, is the backbone of any solid trading plan 📈🔐 ⚠️ Losses? They’re part of the mathematical game of trading 🎲 They don’t define you — they’re necessary, they happen, and we move forward 📊➡️ 🙏 I appreciate you taking the time to review my Daily Forecast. Stay sharp, stay consistent, and protect your capital — FRNGT 🚀 FX:EURUSD
Short
by JCFRGNT
EUR/USD Pulls Back After Rejection — What’s Next?Hi Everyone, The break above 1.17889 provided the impetus for EUR/USD to push into our marked 1.18350–1.19290 zone. However, price failed to sustain those gains, leading to a marked decline back toward 1.17889. A subsequent break below, followed by a failed retest, saw the pair extend lower into the 1.16550 support level. Looking ahead, we anticipate a brief relief rally toward 1.17500 before a potential break below 1.16550, opening the way for a move into the 1.15721 level where fresh buying interest may emerge. While there is scope for a deeper correction toward 1.14041, our immediate focus remains on 1.15721 as the key level to watch. The impulsive rally from the 1st August low continues to underpin our broader bullish outlook on EUR/USD. We expect the pair to retest support and reinforce it as a base for the next leg higher, with upside targets remaining at the 1.19290 zone and ultimately the 1.20000 handle. We’ll be monitoring price action closely to see whether this recovery gains traction and if buyers can sustain momentum through resistance. The longer-term outlook remains bullish, provided price continues to hold above the key support levels. We’ll keep updating you throughout the week as the structure develops and share how we’re managing our active positions. Thanks again for all the likes, boosts, comments, and follows — your support is truly appreciated! All the best for the rest of the week. Trade safe. BluetonaFX
by BluetonaFX
EURUSD – Bearish Setup Building Below ResistanceEURUSD is showing signs of exhaustion after its recent push higher. Price has broken out of multiple consolidation phases but failed to sustain momentum above resistance, hinting that the bulls are losing steam. With fundamental pressures still weighing on the euro and dollar resilience holding, this pair is setting up for a potential continuation lower toward key support zones. Current Bias Bearish – Momentum is fading, and EURUSD looks vulnerable to a downside extension if support breaks. Key Fundamental Drivers ECB: Lagarde has signaled inflation is near target, leaving the door open for eventual easing if growth weakens further. Fed: Despite softer U.S. data (Beige Book reporting little/no growth), inflation risks and tariffs keep the Fed cautious, but rate cuts are still priced ahead. Tariffs/Trade Policy: Trump’s tariff agenda continues to pressure global risk sentiment, indirectly supporting the dollar in risk-off conditions. Macro Context Interest Rate Expectations: The market expects the Fed to begin cutting rates in the coming months, but at a slower pace than earlier anticipated. The ECB, meanwhile, is signaling comfort with softer inflation, keeping EUR capped. Growth Trends: Eurozone growth remains sluggish, weighed down by weak German data. U.S. growth is stagnating but still outpacing Europe. Commodity Flows: Lower oil prices weigh more heavily on the euro area’s terms of trade than the U.S., limiting EUR upside. Geopolitical Themes: Tariff escalation, Middle East tensions, and Ukraine risks keep safe-haven flows tilted toward USD. Primary Risk to the Trend A faster Fed easing cycle or stronger Eurozone data could flip sentiment and spark a EURUSD rebound. Most Critical Upcoming News/Event Eurozone PMI and German CPI for growth and inflation signals. U.S. Core PCE – the Fed’s preferred inflation gauge. Leader/Lagger Dynamics EURUSD is a leader among USD majors, often setting the tone for broad dollar direction. Movements here influence EUR-crosses (EURGBP, EURJPY) and follow USD risk drivers like Treasury yields and Fed expectations. Key Levels Support Levels: 1.1692, 1.1588 Resistance Levels: 1.1795, 1.1901 Stop Loss (SL): 1.1795 (above recent resistance) Take Profit (TP): 1.1588 (first target), extension toward 1.1500 if momentum accelerates Summary: Bias and Watchpoints EURUSD currently carries a bearish bias, with sellers defending resistance near 1.1795 and downside targets pointing toward 1.1692 and 1.1588. A stop loss above 1.1795 protects against unexpected upside breakouts, while profit targets favor a continuation lower in line with weakening Eurozone fundamentals and sticky USD demand. The key watchpoints are Eurozone PMI, German CPI, and U.S. Core PCE. As the flagship USD pair, EURUSD will remain a leader in shaping global FX flows, so keeping an eye on its reactions to data will be crucial in confirming this bearish continuation setup.
Short
by ultreosforex
3
EUR/USD Falls Ahead of PCE Index ReleaseEUR/USD Falls Ahead of PCE Index Release A week ago, we wrote about significant changes in the dollar index – the DXY chart was signalling bullish trends. This week has confirmed those assumptions, which is also reflected in EUR/USD: this morning, the pair fell below 1.1660, marking a three-week low. Trader sentiment is being influenced by: → News regarding President Trump’s decision to impose tariffs on pharmaceuticals (and other goods) imported into the US. → Expectations for the release of the Core PCE (Personal Consumption Expenditures) Price Index, scheduled for 15:30 GMT+3 – the data may provide important guidance on the inflation outlook and potential US interest rate cuts. EUR/USD Technical Analysis EUR/USD fluctuations over the past few months have formed an ascending channel (shown in blue), providing an important context for interpreting price dynamics. From a bullish perspective: → The price is near a key support line – the lower boundary of the channel; → The recent dip below the 11 September low (1.1660) can be viewed as a bullish Liquidity Grab pattern; → The RSI indicator has fallen into oversold territory. From a bearish perspective, mid-September saw important reversal signals: → The median of the ascending channel acted as resistance; → The break above July’s high was short-lived (potentially trapping buyers) – a sign of a false breakout; → A long upper wick on candle A of the EUR/USD chart indicated seller aggression. A logical continuation of these signals has been the formation of a series of lower highs and lows A→B→C→D, with: → Each recovery reaching roughly 50% of the preceding downward impulse; → Note (as shown by the arrow) that the bounce from 1.7250 was extremely weak (resembling a Dead Cat Bounce pattern), confirming rising selling pressure. Given the above, it is reasonable to suggest that the lower boundary of the multi-month channel may act as strong support for EUR/USD. However, clear seller initiative increases the likelihood of a bearish breakout. Whether this occurs today will depend on the market’s reaction to the PCE index release. 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.
by FXOpen
1
EUR/USD Price Outlook – Trade Setup (Short)📊 Technical Structure EUR/USD failed to sustain gains above the 1.1820 resistance zone and quickly reversed lower, now trading around 1.1780. The rejection from resistance signals renewed selling pressure, with momentum favouring a bearish move toward the 1.1730–1.1735 support zone. As long as the pair remains capped below 1.1798–1.1805, the downside bias is intact. 🎯 Trade Setup Entry: 1.1798 – 1.1805 Stop Loss: 1.1814 Take Profit: 1.1735 / 1.1730 (support zone) Risk/Reward: ~1: 4.29 🗝️ Key Technical Levels Resistance Zone: 1.1798 – 1.1805 Support Zone: 1.1730 – 1.1735 🌐 Macro Background The Eurozone economy continues to bottom out slowly, with September PMI data expected to show only marginal expansion. Meanwhile, the US Dollar regained some footing as Fed officials delivered mixed messages: some pushing back against deeper cuts, while others favoured aggressive easing. The divergence creates uncertainty but leaves EUR/USD vulnerable below resistance. With Eurozone and US PMIs alongside Powell’s remarks in focus today, markets could see elevated volatility — but near-term bias leans bearish under 1.1814. 📌 Trade Summary The setup favours a short entry near 1.1798–1.1805, targeting 1.1730–1.1735, with a protective stop at 1.1814. Price action below resistance suggests sellers remain in control, while a decisive break above 1.1820 would invalidate the short setup. ⚠️ Disclaimer This analysis is for reference only and does not constitute trading advice. Trading involves significant risk, and proper risk management is essential.
Short
by ATFX_Global
1
EUR/USD Price Outlook – Trade Setup📊 Technical Structure EUR/USD is attempting to stabilize after sliding toward 1.1730, currently trading around 1.1735. The pair found support at the 1.1729–1.1733 zone, where buyers re-emerged. A potential rebound could lift the pair back towards the resistance zone at 1.1762–1.1765, though the broader structure still reflects near-term selling pressure. 🎯 Trade Setup Entry: 1.1729 – 1.1733 (support rebound) Stop Loss: 1.1725 (below support) Take Profit: 1.1762 / 1.1765 (resistance zone) Risk/Reward: ~1 : 4.36 🗝️ Key Technical Levels Resistance Zone: 1.1762 – 1.1765 Support Zone: 1.1729 – 1.1733 Major Resistance Above: 1.1800 psychological mark Key Support Below: 1.1700 🌐 Macro Background The Federal Reserve’s 25 bps cut last week triggered volatility but Powell’s cautious remarks pointed to a gradual easing cycle, keeping the US Dollar relatively supported. Upcoming Fedspeak will be crucial in guiding market expectations on whether more aggressive cuts could follow. Meanwhile, the ECB kept rates unchanged, maintaining a data-dependent stance. Vice President de Guindos signalled the central bank may not be done with cuts yet, adding a dovish undertone for the Euro. However, some policymakers suggested patience in assessing inflation trends, tempering the urgency for further action. With Eurozone Consumer Confidence data due, short-term sentiment could shift quickly, making intraday moves pivotal. 📌 Trade Summary The setup favours a long entry near 1.1729–1.1733, targeting 1.1762–1.1765. The bullish bias holds above 1.1729, while a decisive break below could invalidate the rebound outlook. ⚠️ Disclaimer This analysis is for reference only and does not constitute trading advice. Trading involves significant risk, and proper risk management is essential.
Long
by ATFX_Global
EUR/USD Bullish Reversal Setup from Downtrend Channel (30m)”Chart Pattern The price has been moving in a downward channel (red shaded area). Recently, it touched the support level around 1.1766 – 1.1733 and is showing signs of slowing bearish momentum. The setup suggests a potential bullish reversal if the support holds. 2. Key Levels Support Zone: 1.1766 – 1.1733 Entry Point: Around 1.1766 (marked on chart) Stop Loss: Below 1.1733 Target Point: 1.1919 3. Risk/Reward Risk: ~33 pips (from 1.1766 down to 1.1733) Reward: ~153 pips (from 1.1766 up to 1.1919) Risk-Reward Ratio: ≈ 1:4.6 (very favorable) 4. Trade Idea Buy Setup: If price confirms a bounce from the support zone (1.1766 area), a long trade could be valid. Stop Loss: Keep it just below 1.1733 (to avoid false breakdowns). Take Profit: 1.1919. 5. Notes Watch for a confirmation candle (bullish engulfing, pin bar, or strong rejection) before entry. If the price breaks below 1.1733, the bullish setup is invalid, and further downside may occur. 👉 In short: This chart is showing a potential bullish reversal setup after a downtrend channel, with a very good risk-to-reward ratio if the support holds.
Long
by LABA_GOLD_TRADING
EURUSD – Critical Zone AheadBack on June 29, I shared a buy idea on EURUSD (tagged below this post). Due to a busy schedule, I couldn't post an update—but as you can see, price reacted to my marked zone, did a quick stop-hunt, and moved up strongly. Now, the current zone marked on the chart is a potential short area, but again—we don’t tell the market what to do. We follow it. 📌 If the level breaks upward, we’ll wait for a pullback to go long. If a valid short signal shows up, we’ll go short. 🔁 Anything can happen—this is why I always remind traders: Don’t stand in front of the market. Those who do… often end up like sardines eaten by the whales 🐋—liquidated and out of capital. Let the market choose the direction, and we simply follow. 📈 Stay flexible. Stay humble. Stay profitable.
by ForexCSP
EURUSD Daily Forecast -Q3 | W38 | D18 | Y25|📅 Q3 | W38 | D18 | Y25| 📊 EURUSD Daily Forecast 🔍 Analysis Approach: I’m applying Smart Money Concepts, focusing on: Identifying Points of Interest on the Higher Time Frames (HTFs) 🕰️ Using those POIs to define a clear trading range 📐 Refining those zones on Lower Time Frames (LTFs) 🔎 Waiting for a Break of Structure (BoS) for confirmation ✅ This method allows me to stay precise, disciplined, and aligned with the market narrative, rather than chasing price. 💡 My Motto: "Capital management, discipline, and consistency in your trading edge." A positive risk-to-reward ratio, paired with a high win rate, is the backbone of any solid trading plan 📈🔐 ⚠️ Losses? They’re part of the mathematical game of trading 🎲 They don’t define you — they’re necessary, they happen, and we move forward 📊➡️ 🙏 I appreciate you taking the time to review my Daily Forecast. Stay sharp, stay consistent, and protect your capital — FRNGT 🚀 FX:EURUSD
Long
by JCFRGNT
Market Analysis: EUR/USD RalliesMarket Analysis: EUR/USD Rallies EUR/USD started a decent upward move above 1.1770. Important Takeaways for EUR/USD Analysis Today - The Euro found support and started a recovery wave above the 1.1770 resistance zone. - There is a connecting bullish trend line forming with support at 1.1825 on the hourly chart of EUR/USD. EUR/USD Technical Analysis On the hourly chart of EUR/USD, the pair started a fresh increase from 1.1660. The pair even settled above 1.1800 and the 50-hour simple moving average. Finally, it tested the 1.1880 resistance. A high is formed near 1.1878 and the pair is now consolidating gains above the 23.6% Fib retracement level of the upward move from the 1.1660 swing low to the 1.1878 high. Immediate support is near a connecting bullish trend at 1.1825. The next area of interest could be 1.1795 and the 50-hour simple moving average. The main breakdown zone on the EUR/USD chart sits near the 50% Fib retracement at 1.1770. If there is a downside break below 1.1770, the pair could drop toward 1.1710. Any more losses might send the pair toward the 1.1660 low. On the upside, the pair is now facing resistance near 1.1880. The next hurdle is 1.1920. An upside break above 1.1920 could set the pace for another increase. In the stated case, the pair might rise toward 1.1965. 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.
by FXOpen
1
Euro Dollar Bullish Outlook📊 Technical Structure EUR/USD is consolidating around 1.1840 after pulling back from fresh four-year highs near 1.1879. The chart highlights a bullish continuation setup, with price currently testing the mid-range and eyeing a potential rebound from the support zone 1.1805 – 1.1790. A sustained break above 1.1874 resistance could open the path toward 1.1880+. 🎯 Trade Setup Entry: 1.1805 – 1.1795 (near support zone) Stop Loss: 1.1790 (below support) Take Profit: 1.1875 / 1.1880 (resistance zone) Risk/Reward: ~1 : 4.96 🗝️ Key Technical Levels Resistance Zone: 1.1875 – 1.1880 Support Zone: 1.1805 – 1.1795 Major Resistance Above: 1.1900 psychological barrier 🌐 Macro Background The euro remains strong despite softer-than-expected Eurozone inflation, as traders focus on the Fed’s policy pivot. Markets widely expect a 25 bps Fed cut later today, with the possibility of one or two additional cuts before year-end. While weaker US labour data reinforces dovish Fed expectations, the risk remains that Powell could strike a less dovish tone, which might trigger short-term USD strength. In Europe, the ZEW sentiment rebound and steady industrial output offer modest support for the euro. 📌 Trade Summary EUR/USD shows a bullish bias as long as it holds above 1.1800, with upside targets at 1.1875–1.1880. Watch for volatility during the Fed decision and Powell’s press conference, as a less dovish outcome could spark a pullback before any continuation higher. ⚠️ Disclaimer This analysis is for reference only and does not constitute trading advice. Trading involves significant risk, and proper risk management is essential.
Long
by ATFX_Global