EUR/USD Slide Begins! Market Flow Shifts Bearish🎯 EUR/USD "THE FIBER" 🔥 | Cash Flow Heist Strategy (Swing/Day Trade)
📊 MARKET SETUP
🐻 Bias: BEARISH CONFIRMED
✅ Technical Confirmation: Triangular Moving Average Breakout
⚡ Strategy Type: The Thief Layering Method
🎯 THE HEIST PLAN (Entry Strategy)
🔫 Thief Style = Layered Limit Orders
Instead of one entry, we're placing multiple sell limit orders to catch the best average price:
Suggested Entry Layers:
🎯 Layer 1: 1.17000
🎯 Layer 2: 1.16800
🎯 Layer 3: 1.16500
🎯 Layer 4: 1.16300
Note: You can add more layers based on your account size and risk appetite. This is NY session pricing strategy.
🛡️ RISK MANAGEMENT
🚨 Stop Loss: 1.17300
💰 Take Profit Target: 1.15400
⚠️ IMPORTANT DISCLAIMER:
Dear Ladies & Gentlemen (Thief OG's) - These are MY levels for reference only. Always manage your own risk! If you see profit, secure it. Your account, your rules. Don't be greedy when the market pays you! 💵
Why 1.15400 Target?
Strong historical support zone
Oversold conditions likely
Bull trap territory - time to escape with the loot before reversal! 🏃♂️💨
🔗 CORRELATED PAIRS TO WATCH
Keep your eyes on these connected moves:
📈 Positive Correlation (Move together):
EURGBP
- Euro strength indicator
EURJPY
- Risk sentiment gauge
EURCHF
- Safe haven flow monitor
📉 Inverse Correlation (Move opposite):
DXY
(US Dollar Index) - The boss! Strong DXY = Weak EUR/USD
GBPUSD
- Cable follows Fiber's lead often
AUDUSD
- Risk-on/risk-off cousin
💡 Pro Tip: If DXY breaks higher while EUR indices weaken, this setup gets SPICY! 🌶️
🎓 KEY TECHNICAL POINTS
✅ Triangular MA Breakout = Momentum shift confirmed
✅ Multi-layer entries = Better average cost & lower risk per position
✅ 1.17300 SL = Tight stop above resistance
✅ 1.15400 TP = Major support + psychological level
✅ Risk:Reward = Solid 2:1+ depending on entry layers
📍 Current Levels (Oct 8, 2025):
Weekly High: 1.177
Weekly Low: 1.1663
Trend: Bearish pressure continuing
⚠️ FINAL DISCLAIMER
🎭 This is "Thief Style" trading strategy - created for educational and entertainment purposes only!
This analysis represents my personal trading approach and should NOT be considered financial advice. Trading forex carries substantial risk. Past performance does not guarantee future results. Always:
Do your own analysis
Risk only what you can afford to lose
Use proper position sizing
Never trade with borrowed money
YOU are responsible for YOUR trading decisions! 🎰
✨ If you find value in my analysis, a 👍 and 🚀 boost is much appreciated — it helps me share more setups with the community!
#EURUSD #Forex #TradingStrategy #SwingTrading #DayTrading #ForexSignals #TechnicalAnalysis #PriceAction #ForexTrading #CurrencyTrading #FiberSetup #ThiefStrategy #LayeredEntry #ForexCommunity #TradingView #ForexIdeas
Forexsignals
Is EUR/NZD Setting Up The Ultimate Swing Trade Opportunity?🎭 The Great Euro Heist: EUR/NZD Cash Flow Caper
💼 Mission Brief: Operation Bull Run
Asset Under Surveillance: EUR/NZD (Euro vs Kiwi - yes, I said "Aussie" in the title for the vibes, mate 🦘)
Market: FOREX
Strategy Type: Swing/Day Trade Cash Flow Management
Risk Level: Thief Mode Activated
📊 The Intelligence Report
Market Setup: Bullish momentum confirmed! 🐂
Hull Moving Average retest looking clean
Bullish Heikin Ashi doji candle formation spotted (that's our signal, folks!)
Bulls are warming up for the ride
🎯 The Heist Plan (Entry Strategy)
The "Thief Layering" Method
We're using multiple limit orders (layering strategy) to sneak into this trade like pros:
Sell Limit Layers (Scale-In Entries):
🎯 Layer 1: 2.01000
🎯 Layer 2: 2.01500
🎯 Layer 3: 2.02000
Pro Tip: You can add more layers based on your own risk appetite and account size. The more layers, the smoother the average entry price!
Alternative Entry: Any current market price works too if you're feeling bold! 🚀
🛡️ Risk Management (The Exit Plan)
🚨 Stop Loss (Emergency Escape Route)
Thief SL: 2.00000
⚠️ Important Note: Fellow Thief OGs, this is MY stop loss level. You're the captain of your own ship! Set your SL based on your risk tolerance. Manage your money, make your money, at your own risk.
💰 Take Profit (The Getaway Target)
Target Zone: 2.05000
🚧 Market Intelligence: Police barricade (strong resistance) detected at this level + oversold conditions + potential trap zone. Smart thieves escape with the loot before things get dicey!
⚠️ Important Note: This is MY take profit target. You call the shots on when to secure your gains. Take partials, trail stops, or go full send - your vault, your rules!
🔗 Related Pairs to Watch (Correlation Play)
Keep an eye on these pairs for confirmation:
Direct Correlations:
FX:EURUSD - Euro strength indicator
OANDA:NZDUSD - Kiwi weakness/strength gauge
OANDA:AUDNZD - Trans-Tasman sibling rivalry (similar commodity currency behavior)
Inverse Correlations:
FX:USDJPY - Risk sentiment barometer
TVC:DXY (US Dollar Index) - Overall dollar strength
Key Point: If EUR is strengthening across the board AND NZD is showing weakness, our setup gets extra confirmation! 💪
🎓 Why This Setup Works
1️⃣ Technical Confluence: Hull MA + Heikin Ashi alignment = high probability setup
2️⃣ Layer Entry Strategy: Reduces risk by averaging into the position
3️⃣ Clear Risk/Reward: Defined exit points keep emotions in check
4️⃣ Cash Flow Management: Scale in, scale out = professional trade management
⚡ Quick Action Items
Set your limit orders (or enter at market)
Place your stop loss (adjust to YOUR comfort zone)
Set alerts at target level
Monitor correlated pairs for confirmation
Manage position size according to your risk tolerance
📢 Community Engagement
✨ If you find value in my analysis, a 👍 and 🚀 boost is much appreciated — it helps me share more setups with the community!
⚖️ Disclaimer
CRITICAL: This is a "thief style" trading strategy presented for entertainment and educational purposes. This is NOT financial advice. Trading FOREX involves substantial risk of loss. Past performance does not guarantee future results. Always do your own research, manage your risk properly, and never trade with money you cannot afford to lose. This analysis is shared in a fun, creative format but should be treated with the seriousness that trading requires. Trade at your own risk!
#EURNZD #FOREX #SwingTrading #DayTrading #PriceAction #TechnicalAnalysis #ForexSignals #TradingStrategy #HullMA #HeikinAshi #LayeringStrategy #RiskManagement #ForexTrading #CurrencyTrading #TradingIdeas #MarketAnalysis #ForexLife #TradingCommunity #ChartAnalysis #ForexSetup
Trade smart, stay stealthy, and may the pips be ever in your favor! 🎩💰
Bullish bounce off?EUR/NZD has bounced off the pivot, which has been identified as an overlap support that aligns with the 38.2% Fibonacci retracement and could rise to the swing high resistance.
Pivot: 2.00180
1st Support: 2.98927
1st Resistance: 2.02961
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish momentum building?EUR/NOK is rising towards the pivot, which aligns with the 50% Fibonacci retracement and could reverse to the 1st support.
Pivot: 11.66459
1st Support: 11.54492
1st Resistance: 11.73724
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Potential bearish drop?AUD/CAD is rising towards the pivot which is a pullback resistance and could drop to the 1st support.
Pivot: 0.92037
1st Support: 0.91125
1st Resistance: 0.92677
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish drop off?NZD/CAD has reacted off the pivot and could drop to the 1st support.
Pivot: 0.81142
1st Support: 0.80298
1st Resistance: 0.81642
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
NZDJPY to find sellers at current market price?NZDJPY - 24h expiry
The previous swing high is located at 88.36.
88.13 has been pivotal.
Trading volume is increasing.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
The primary trend remains bearish.
We look to Sell at 88.10 (stop at 88.60)
Our profit targets will be 86.60 and 86.23
Resistance: 87.94 / 88.13 / 88.36
Support: 87.42 / 87.25 / 86.71
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Gold Watching 3,850 Support as Dollar Weakens on UsGovt ShutdownHey Traders, in today’s trading session we are monitoring XAUUSD for a potential buying opportunity around the 3,850 zone. Gold is trading in an uptrend and currently in a correction phase, with price approaching this important support/resistance level.
Structure: Gold remains within an overall bullish structure and is also trading inside an ascending channel.
Key level in focus: 3,850 — a key support zone where buyers may look to step in.
Upside target: 3,930 — aligning with the channel resistance and potential area for bullish continuation.
Fundamentals: The ongoing US government shutdown is adding bearish pressure on the US Dollar. Given Gold’s negative correlation with DXY, this environment continues to support the bullish bias for Gold.
Trade safe,
Joe.
Potential bearish drop?NZD/USD has rejected off the resistance level, which his a pullback resistance, and could drop from this level to our take rpofit.
Entry: 0.5835
Why we like it:
There is a pullback resistance level.
Stop loss: 0.5882
Why we like it:
There is a pullback resistance level that aligns with the 50% Fibonacci retracement.
Take profit: 0.5754
Why we like it:
There is a swing low support level.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bearish drop off major resistance?AUD/USD has rejected the resistance level, which is an overlap resistance, and could drop from this level to our take-profit.
Entry: 0.6623
Why we like it:
There is an overlap resistance level.
Stop loss: 0.6684
Why we like it:
There is a swing high resistance level.
Take profit: 0.6507
Why we like it:
There is a pullback support level that aligns with the 61.8% Fibonacci projection.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bearish drop off?USD/CHF is reacting off the resistance level, which is an overlap resistance and could potentially drop from this level to our take rpofit.
Entry: 0.7982
Why we like it:
There is an overlap resistance level.
Stop loss: 0.8025
Why we like it:
There is a pullback resistance level.
Take profit: 0.7902
Why we like it:
There is a pullback support level that aligns with the 61.8% Fibonacci retracement.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bullish bounce off?GBP/USD is reacting off the support level, which is a pullback support and could bounce from this level to our take profit.
Entry: 1.3420
Why we like it:
There is a pullback support level.
Stop loss: 1.3352
Why we like it:
There is a multi-swing low support level.
Take profit: 1.3533
Why we like it:
There is an overlap resistance that aligns with the 50% Fibonacci retracement.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
EURCAD: How to Trade Liquidity Grab 🇪🇺🇨🇦
EURCAD is testing a significant rising trend line on a daily.
We see a trap and a false violation of that on an hourly time frame.
To confirm that was a liquidity grab, I will look for a CHoCH and
an hourly candle close above 1.6288.
It will provide a strong bullish signal.
An up movement will be expected at least to 1.63175 then.
❤️Please, support my work with like, thank you!❤️
I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Forex Idea: USDCAD Short Bias – D1 Supply Zone ReactionUSDCAD has been trading in a ranging market over the past few sessions, consolidating after a strong bullish extension that began from the key level 1.3760 on September 25. This upward move has now brought price into a well-defined Supply Zone between 1.3885 and 1.3985, a 100-pip band that historically attracts selling pressure.
📊 Technical Breakdown
- Supply Zone (1.3885–1.3985): Price has entered a high-probability reversal area on the Daily chart. This zone has previously acted as a ceiling, and early signs of rejection are emerging.
- Ranging Behavior: The market has stalled within this zone, printing indecisive candles and suggesting a potential shift in momentum. This consolidation often precedes a breakout or reversal.
- Extension from 1.3760: The bullish leg from this key level has now matured, and the pair may be due for a corrective move or deeper retracement.
🎯 Trade Outlook
This setup favors a short bias, especially if bearish confirmation appears on lower timeframes (H4/H1). Traders should watch for rejection wicks, bearish engulfing patterns, or divergence signals to validate entry.
- Entry Zone: Within the supply band, ideally near the upper boundary for optimal RR.
- Stop-Loss: Above 1.3985 to protect against breakout continuation.
- Target Zone: Back toward 1.3760 or mid-range levels, depending on intraday structure.
⚖️ Why This Setup Matters
This is a textbook example of price reaching an institutional supply level after a sustained rally. The 100-pip range offers room for tactical entries and exits, and the confluence of ranging structure + supply zone makes this a compelling swing trade candidate.
Gold settles near record high on support of China's purchases Gold prices are hovering around $3,960 an ounce, near a record high reached earlier in the session, supported by economic uncertainty and China's central bank's growing gold holdings for the eleventh consecutive month in September. Gold is up 51% so far this year , supported by resilient safe-haven demand, and expectations of #Federal_Reserve_easing.
Technically, the metal fell slightly in a downward corrective movement at the beginning of today's trading, after holding above the $3940 levels, so we expect the downward correction to stop around the $3940 per ounce level, and then rebound again and target the resistance levels of $3996.75 per ounce
LINK/USDT: Stabilizing Above Trendline with Breakout Setup FormiLINK/USDT is holding above the 22.00 upward trendline after forming a bottom near 20.00 support. The recovery structure points to bullish continuation, with price emerging from a range consolidation.
As long as 22.00 holds, the next target lies near 25.50, with momentum building for a potential breakout toward the 27.50 resistance zone. Current price action suggests accumulation ahead of a possible upside move.
XAU/USD Short-Term Buy Opportunity Near $3,950 SupportCurrent price: around $3,949.60
Support zone: near $3,940
Resistance targets: around $3,962, $3,965, and $3,970
Setup type: A long position with a defined entry near current price, stop loss just below $3,940, and take profit around $3,962–$3,970.
The green box indicates the reward zone, while the red box shows the risk area.
✅ Interpretation: The trader anticipates a short-term bullish rebound after a corrective move down.
AUD/JPY: Testing Resistance with Signs of Bullish ExhaustionAUD/JPY is approaching the 99.80 resistance zone after a strong bounce from the 97.50 consolidation area. The structure shows a higher low within an upward channel, though current momentum signals a possible correction phase.
If the pair fails to hold above 97.80, a pullback toward 98.425 is likely, possibly aiming to fill the gap below. The broader trend remains bullish, but the rally appears to be maturing, with the 100.000 psychological level posing potential resistance.
Trade Idea: Short EUR/NZD (Swing TradeThis setup is a classic harmonic-driven short trade, executed on the H4 timeframe with a broader outlook extending into the D1 chart. The chart showcases a well-formed bearish harmonic pattern—likely a Gartley or Bat—anchored at points X, A, B, C, and D. The completion of the pattern at point D aligns with a key resistance zone, suggesting a potential reversal and bearish momentum ahead.
📉 Entry, Stop-Loss, and Target
- Entry Zone: Around 2.0070–2.0173, where price has recently tested the harmonic completion and shown signs of rejection.
- Stop-Loss (SL): 2.0135, placed just above the pattern’s invalidation point and recent swing high to protect against false breakouts.
- Target Zone: 1.9920 to 1.9956, which coincides with a clearly marked Demand Zone on the chart. This area has historically attracted buying interest and could act as a strong support level.
📊 Risk/Reward Profile
This trade offers a Risk/Reward ratio greater than 2, which is ideal for swing setups. With a relatively tight stop and a well-defined target zone, the trade balances risk prudently while aiming for a meaningful reward. The smaller green box within the setup visually confirms this favorable RR profile
🔍 Technical Confluence
- Bearish Harmonic Pattern: Suggests exhaustion of bullish momentum and a high-probability reversal.
- Demand Zone Target: Acts as a magnet for price, supported by historical buying pressure.
- Candlestick Structure: Recent price action shows rejection wicks and bearish candles near the entry zone, reinforcing the short bias.
- Timeframe Synergy: H4 chart provides precision for entry and SL, while the D1 chart supports the broader swing outlook.
🧭 Trade Management Tips
- Monitor price behavior as it approaches the demand zone—partial profit-taking near 1.9956 could be wise.
- If momentum accelerates, consider trailing the stop to lock in gains.
- Avoid over-leveraging; this setup is technically sound but still subject to macroeconomic volatility.
AUDUSDHello Traders! 👋
What are your thoughts on AUDUSD?
The pair has broken its ascending trendline and completed a pullback to the broken level.
It is now trading below a key resistance zone, showing signs of bearish pressure.
After some consolidation in this area, the price is expected to continue declining toward the highlighted support levels.
As long as the pair remains below the resistance zone, the downside bias will stay in play.
Don’t forget to like and share your thoughts in the comments! ❤️
EURUSD Analysis – The Calm Before the BreakIf we exclude the sharp spike down from early August and the spike up in mid-September, EURUSD has been stuck in a sideways range for nearly three months, between 1.1600 and 1.1800 — quite a narrow band, even for such a stable pair.
In the past week, this consolidation has tightened even more, with price action trapped inside a mere 50-pip range between 1.1710 and 1.1760.
This kind of prolonged congestion usually ends with only one possible scenario — a breakout.
• Upside scenario:
A clean break above 1.1760 could trigger momentum buying, opening the way for a move toward the 1.1900 spike high.
• Downside scenario:
A decisive drop below 1.1710 would likely confirm a continuation to the downside, with 1.1500 emerging as the natural target zone.
At the moment, I’m out of the market, but my bias leans toward the downside — patiently waiting for the stars to align before taking action. 🌘
Bullish momentum to extend?USD/JPY could fall to the pivot, and a bounce from this level could lead the price to rise to the 1st resistance.
Pivot: 148.79
1st Support: 147.55
1st Resistance: 152.09
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.