EURUSD H4 MAPPING Eurusd Buy At Fair Value Gap Price 1.1568 & 1.1548
Eurusd Sell At Buy Side Liquidity 1.177 & 1.183 Price
Use Your Proper MM
Eurodollar
EUR/USD: Euro Rally to 1.197 on the Horizon? FX:EURUSD is poised for a bullish move on the 4-hour chart , with an entry zone at 1.165 near a solid support zone .
First target at 1.1875 marks initial resistance, while the second target at 1.197 aligns with a key psychological level. Set a stop loss on a 4-hours close below the 200 EMA to manage risk effectively.
A break above 1.17 with strong volume could spark this rally, driven by Eurozone data and USD softening. Keep an eye on ECB statements and U.S. economic releases as potential catalysts.
Ready to catch this wave? Share your thoughts below!
#EURUSD #ForexTrading #TechnicalAnalysis #TradingView #CurrencyPairs #DayTrading #MarketSignals
EURUSD strong daily supply is playing out in August 2025EURUSD strong daily supply is playing out in August 2025
Daily downtrend. Imbalance #1, mentioned in the last updates, is still in control and is playing out well. Short positions should be managed.
EUR/USD Daily Chart Analysis For Week of August 22, 2025Technical Analysis and Outlook:
In the most recent trading session, the Euro exhibited considerable volatility, initially declining before embarking on a substantial upward trajectory. Current analyses suggest that the primary targets for the Euro are the Mean Resistance level of 1.177 and the Key Resistance level of 1.181, along with the Outer Currency Rally target of 1.187. The ongoing price action may lead to a consequential pullback to the Mean Support level of 1.166 before the resumption of the upward trend.
EURUSD: Will Sellers Take Control? Moment Of Truth!Welcome back to the Weekly Forex Forecast for the week of Aug 18 - 22nd.
In this video, we will analyze the following FX market: EURUSD
The EURUSD is at a point in the uptrend it has been on since January where there is some
strong resistance.
July was a very bearish month, but August has corrected about 80% of the move, the last line on a fib retracement. It could keep going higher, of course. Or it could do what it has done the last two time the HTF swing highs reached these levels... turn around.
Wait for the market to decide, which should happen early during next week. Then look for valid entries.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
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Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
EURUSD | Major Trend Reversal in Play? Bias: Sell Setup🧠MJTrading:
📸 Viewing Tip:
🛠️ Some layout elements may shift depending on your screen size.
🔗 View the fixed high-resolution chart here:
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📝 Idea: PEPPERSTONE:EURUSD | Major Trend Reversal in Play?
Bias: Bearish (Sell Setup)
📊 Structure Breakdown
- After the 2022–25 High at 1.18300, price has started forming Lower Highs and a Lower Low, hinting at a potential Major Trend Reversal (MTR).
- The Pressure Gap and Pullback rejection around the descending trendline strengthen the bearish outlook.
- Current Price Action suggests sellers are gradually taking control inside the Rising Wedge inside the Descending Channel:
ZOOM IN:
A 2nd leg is also possible.
📌 Trade Setup
Sell Entry: Around current price (~1.16800–1.17000).
Stop Loss: Above 1.18020 (invalidates the setup).
Targets:
TP1 → 1.15520 (mid-channel support).
TP2 → 1.14300 (major support zone - Channel Bottom line).
TP3 → 1.11800 (extension, strong liquidity pool).
Risk–Reward: Attractive multi-level downside with clear invalidation.
For confirmation wait for valid breakdown from the Rising Wedge...
“If the structure speaks to you, let it echo.”
#EURUSD #Forex #FX #Trading #TechnicalAnalysis #PriceAction #SmartMoney #MTR #MAJORTRENDREVERSAL #MarketStructure #TrendReversal #SwingTrading #DayTrading #ChartDesigner #MJTrading
Psychology Always Matters:
Market Analysis: EUR/USD Dips AgainMarket Analysis: EUR/USD Dips Again
EUR/USD declined from 1.1720 and traded below 1.1650.
Important Takeaways for EUR/USD Analysis Today
- The Euro started a fresh decline after a decent move above 1.1680.
- There was a break below a key bullish trend line with support at 1.1650 on the hourly chart of EUR/USD.
EUR/USD Technical Analysis
On the hourly chart of EUR/USD, the pair rallied above the 1.1680 resistance zone before the bears appeared, as discussed in the previous analysis. The Euro started a fresh decline and traded below 1.1660 against the US Dollar.
There was a break below a key bullish trend line with support at 1.1650, and a low was formed near 1.1622. After that, the pair started a consolidation phase.
There was a minor recovery wave above 1.1630. EUR/USD is now trading below 1.1650 and the 50-hour simple moving average. On the upside, the pair is now facing hurdles near the 23.6% Fib retracement level of the downward move from the 1.1692 swing high to the 1.1622 low at 1.1640.
The next key resistance is 1.1655 and the 50% Fib retracement. The main barrier for the bulls could be 1.1665. A clear move above 1.1665 could send the pair toward 1.1690. An upside break above 1.1690 could set the pace for another increase. In the stated case, the pair might rise toward the 1.1720 zone.
If not, the pair might resume its decline. The first major support on the EUR/USD chart is near 1.1620. The next important region for buyers sits at 1.1600. If there is a downside break below 1.1600, the pair could drop toward 1.1550. Any more losses might send the pair toward 1.1500.
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.
Strong daily supply level in control on EURUSDThere is a strong daily supply level in control on EURUSD the 19th of August 2025. Will the EURUSD drop much further. Hopefully it will.
EURO Breakout Alert- Long Setup In Play EUR/USD is currently trading around 1.1660, showing strong bullish momentum after holding key support levels. The pair is forming higher lows, indicating sustained buying pressure. If price action maintains above 1.1650, the next upside target is 1.1700, with a potential extension towards 1.1730. Euro strength is driven by positive market sentiment and weakness in the dollar index. Watch for a clean breakout above 1.1675 for confirmation of further upside. Ideal buy entry remains around 1.1660 with stop loss below 1.1640. Short-term trend remains bullish as long as the pair stays above 1.1640.
EUR/USD Buy idea to the upside Weekly EURUSD Analysis
My outlook for EU is similar to GU — I’ll be watching for a retracement into demand before looking for buys back to the upside. The key area on my chart is the 9H demand zone, where I’ll be monitoring for signs of accumulation before entering longs.
At the same time, I’ve marked a 6H supply zone sitting at a strong premium level. If the bullish scenario doesn’t play out, this would be an ideal area to catch potential sells to the downside. Either way, I’ll be waiting for price to slow down and confirm at one of my POIs before committing.
Confluences for EU Buys:
- Strong 9H demand zone responsible for the last break of structure.
- Overall bullish structure → pro-trend trade idea.
- DXY analysis aligns with bullish EU outlook.
- Imbalance above + liquidity that still needs to be taken.
P.S. If price breaks below the 9H demand zone, I’ll be eyeing the 5H demand zone just beneath, as it’s more discounted and potentially offers an even cleaner long setup.
Let’s have a strong week ahead!
EUR/USD Daily Chart Analysis For Week of August 15, 2025Technical Analysis and Outlook:
During the last trading session, the Euro demonstrated a notable increase, retesting the Mean Resistance level of 1.169. Recent analyses suggest that the primary targets for the Euro are the Mean Resistance level of 1.177 and the Key Resistance level of 1.181, in addition to the Outer Currency Rally target of 1.187. Such movements may precipitate a considerable pullback before the upward trajectory resumes.
EUR/USD Shows Optimism Ahead of Trump–Putin MeetingEUR/USD Shows Optimism Ahead of Trump–Putin Meeting
The meeting between the Presidents of the United States and the Russian Federation, scheduled for today in Alaska, is a major geopolitical event with the potential to exert a significant influence on financial markets.
Expectations are mounting that the talks could lead to a cessation of hostilities in Ukraine – a prospect acting as a bullish factor for the euro. As a result, the EUR/USD chart has been displaying an upward trajectory this week (highlighted by the blue channel).
The blue arrow indicates that:
→ Yesterday’s release of the highest Producer Price Index (PPI) figures in three years triggered a sharp strengthening of the US dollar – possibly because market participants assumed the Federal Reserve might postpone monetary policy easing in light of rising producer prices (widely considered a consequence of Trump’s tariff measures).
→ However, the lower boundary of the upward channel prevented further decline, and today EUR/USD is showing optimism ahead of the presidential meeting.
EUR/USD Technical Analysis
On 7 August, we plotted a descending channel based on the sequence of lower highs and lows formed over the summer.
From the bearish perspective, the price is currently near a cluster of key resistance levels, which include:
→ the upper boundary of the descending (red) channel;
→ the 1.17145 level (a historical price interaction zone, as shown by the arrows on the left side of the chart);
→ the median line of the ascending (blue) channel.
Conversely, the bulls could be supported by:
→ the lower boundary of the blue channel;
→ the aggressive buying momentum evident in the sharp EUR/USD rally on 12 August (highlighted by the orange arrow).
The bullish case is further reinforced by the fact that buyers managed to fully recover from the decline that began on 28 July.
Given the above, we could assume some consolidation today as the market awaits the outcome of the presidential talks. The fact that the ADX indicator is hovering near its lows and trending downward underscores the current indecision and caution in the market.
However, Monday’s open could prove highly volatile. Be prepared for sharp EUR/USD movements in either direction, depending on statements made by the US and Russian leaders.
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 Bears Ready to Take ControlEURUSD( FX:EURUSD ) is currently trading in a Heavy resistance zone($1.1815-$1.1602) and near the Resistance lines and Potential Reversal Zone(PRZ) .
In terms of Elliott Wave theory , it seems that EURUSD has completed a corrective wave. The corrective wave has a Zigzag Correction(ABC/5-3-5) structure .
Also, we can see the Regular Divergence(RD-) between Consecutive Peaks .
I expect EURUSD to decline at least to the Support zone($1.1642-$1.1578) .
Second Target: Monthly Pivot Point = $1.15491
Note: Stop Loss(SL)= $1.1803
Please respect each other's ideas and express them politely if you agree or disagree.
Euro/U.S. Dollar Analyze (EURUSD), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
EUR/USD Daily Chart Analysis For Week of August 8, 2025Technical Analysis and Outlook:
During the current trading session, the Euro has exhibited notable volatility, marked by both a significant increase and subsequent decrease in value. Presently, it is approaching the Mean Support level of 1.157. Recent analyses suggest that the Euro is poised for a dead-cat bounce, potentially reaching the Mean Support level of 1.157, and revisiting the target set at the Mean Resistance of 1.169. Additionally, it is essential to assess the likelihood of continued upward momentum towards the Mean Resistance level of 1.177 and the Key Resistance level of 1.181. Such movements could instigate a substantial rebound and contribute to achieving the Outer Currency Rally target of 1.187.
Fundamental Market Analysis for August 8, 2025 EURUSDThe EUR/USD exchange rate remains stable after rising during the previous three sessions, trading at around 1.1660 during Asian trading hours on Friday. The pair may regain its positions as the US dollar (USD) may struggle as markets assess the probability of a 25 basis point (bp) rate cut at the September meeting at nearly 93%, compared to 48% a week ago.
Expectations for a Fed rate cut in September have intensified as the number of new applications for unemployment benefits in the US increased after the US nonfarm payrolls (NFP) report for July pointed to a cooling labor market.
Data on initial jobless claims in the US showed that the number of US citizens filing new claims for unemployment benefits rose to 226,000 for the week ending August 2. This figure exceeded the market consensus forecast of 221,000 and was higher than the previous week's figure of 218,000.
The probability that the central bank will leave rates unchanged is approximately 87%. Markets estimate the probability of another ECB rate cut before March 2026 at only 60%.
Trade recommendation: BUY 1.1660, SL 1.1625, TP 1.1710
Fundamental Market Analysis for August 5, 2025 EURUSDEvent to pay attention to today:
17:00 EET. USD - ISM Services PMI
EUR/USD continues to fall for the second day in a row, trading around 1.1560 during Tuesday's Asian session. The pair is devaluing amid the strengthening of the US dollar (USD) due to caution among traders caused by recent events in global trade and changes in expectations regarding monetary policy.
Market sentiment is becoming cautious due to growing concerns about the independence of the Federal Reserve (Fed). On Monday, Fed board member Adriana Kugler unexpectedly resigned. This event gave US President Donald Trump the opportunity to influence the central bank earlier than expected.
However, the US dollar may face difficulties amid growing chances of an interest rate cut by the US Federal Reserve (Fed) in September after weak labor market data reinforced concerns about the US economic outlook. Markets estimate the probability of a Federal Reserve rate cut next month at 91.6%.
By comparison, the European Central Bank (ECB) is expected to keep rates unchanged, as annual inflation in the eurozone remained at 2.0% in July, slightly above the forecast of 1.9%. Meanwhile, traders are cautious amid the introduction of 15% US tariffs on goods imported from the European Union (EU).
Trade recommendation: BUY 1.1580, SL 1.1500, TP 1.1685
EURUSD: Eu Looking to Make Gains Vs Weakened USDWelcome back to the Weekly Forex Forecast for the week of Aug 4 - 8th.
In this video, we will analyze the following FX market:
EURUSD
The USD pushed higher on keeping it's interest rate unchanged, but gave back those gains on weak job numbers. This allowed the EU to recover some of the previous weeks losses and show some resiliency.
Now analyst are betting there is a 66% chance for rate cuts in Sept by the Fed. This is negative for the USD, allowing the EURO to move higher.
It is worth mentioning, the EU inked a highly criticized tariff deal with the US, which was not at all positive for the currency.
The market is at a pivotal area that could go either way. Wait for a definitive break of structure before committing to a bias.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
EUR/USD Daily Chart Analysis For Week of August 1, 2025Technical Analysis and Outlook:
In this week's trading session, the Euro experienced a significant drop, reaching the 1.139 level, and completing what is referred to as the Inner Currency Dip. As a result of the completion, the currency reversed direction and made a strong rebound, hitting the Mean Resistance level at 1.160. Recent analyses suggest that the Euro is likely to enter a sustained downward move after retesting the Mean Resistance at 1.160, with the target set to revisit the completed Inner Currency Dip at 1.139. However, it is essential to consider the possibility of continued upward momentum towards the Mean Resistance level of 1.177. Such a movement could trigger a significant rebound and lead to the completion of the Outer Currency Rally at 1.187.
EUR/USD Hits Lowest Level Since Early JulyEUR/USD Hits Lowest Level Since Early July
As the EUR/USD chart indicates today, the euro has fallen below the 1.1550 mark against the US dollar, reaching the lows of June 2025. As a result, July may become the first month in 2025 to record a decline in the currency pair.
Why Is EUR/USD Declining?
There are two key factors driving the euro’s weakness relative to the US dollar:
→ Anticipation of the Federal Reserve Meeting. At 21:00 GMT+3 today, the Fed’s interest rate decision will be released. According to Forex Factory, analysts expect the Federal Funds Rate to remain unchanged at 4.25%-4.50%.
→ Market Reaction to the US-EU Trade Agreement. The trade deal signed last weekend between the United States and Europe is being critically assessed by market participants.
As noted in our Monday analysis, signs of a bearish takeover emerged on the chart following the agreement’s signing. Since then, EUR/USD has declined by approximately 1.3%. The question now is whether the downtrend will continue.
Technical Analysis of the EUR/USD Chart
The upward channel that had remained valid since mid-May was decisively broken by bears this week. The nature of the breakout (highlighted by the red arrow) was particularly aggressive, with the price dropping from the 1.1710 level to the D point low without any meaningful interim recoveries.
Key observations include:
→ The drop has resulted in a classic bearish A-B-C-D market structure, characterised by lower highs and lower lows.
→ On the 4-hour timeframe, the RSI indicator has fallen into oversold territory, reaching its lowest point of 2025 so far.
→ Notably (as highlighted by the blue arrow), there was a strong rebound from the 1.1455 support level earlier. Bulls demonstrated significant strength at that time, breaking through the R resistance line.
Given these factors, we could assume that after this week’s sharp decline, EUR/USD may attempt a short-term recovery from the support zone (highlighted in purple). Should this scenario unfold, potential resistance may emerge near the 1.1630 level, as this area aligns with:
→ The 50% Fibonacci retracement of the C→D decline;
→ The breakout point of the lower boundary of the previous ascending channel, indicating a shift in market balance in favour of the bears.
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.
Market Analysis: EUR/USD Dips FurtherMarket Analysis: EUR/USD Dips Further
EUR/USD extended losses and traded below the 1.1600 support.
Important Takeaways for EUR/USD Analysis Today
- The Euro struggled to clear the 1.1800 resistance and declined against the US Dollar.
- There is a key downward channel forming with resistance at 1.1575 on the hourly chart of EUR/USD.
EUR/USD Technical Analysis
On the hourly chart of EUR/USD at FXOpen, the pair failed to clear the 1.1800 resistance. The Euro started a fresh decline below the 1.1720 support against the US Dollar.
The pair declined below the 1.1660 support and the 50-hour simple moving average. Finally, it tested the 1.1520 level. A low was formed at 1.1519 and the pair is now consolidating losses. The market is showing bearish signs, and the upsides might remain capped.
There was a minor increase toward the 23.6% Fib retracement level of the downward move from the 1.1770 swing high to the 1.1519 low. Immediate resistance on the upside is near the 1.1575 level.
There is also a key downward channel forming with resistance at 1.1575. The next major resistance is near the 1.1665 zone and the 50-hour simple moving average or the 50% Fib retracement level.
The main resistance sits near the 1.1770 level. An upside break above the 1.1770 level might send the pair towards 1.1800. Any more gains might open the doors for a move towards 1.1850.
On the downside, immediate support on the EUR/USD chart is seen near 1.1520. The next major support is near the 1.1465 level. A downside break below 1.1465 could send the pair towards 1.1350.
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.
Trendline Liquidity Taken Watching for MSS at Support in EUR/USDEUR/USD has taken liquidity above the previous trendline resistance during the New York session and is now declining. The pair is approaching a key support zone. If it reaches this level and shows a market structure shift (MSS) or any other bullish confirmation, there is potential for a reversal from this zone. In that case, price could move upward toward the marked bearish Fair Value Gap (FVG). Always conduct your own research (DYOR) before making any trading decisions.
Should You Still Sell Your USD for EUR? A 2025 PerspectiveWith currency markets in constant flux, the decision to hold USD or convert to EUR carries major financial implications for investors, expatriates, businesses, and frequent travelers. As of July 29, 2025, the USD/EUR exchange rate is around 0.86–0.87, with $1 buying roughly €0.86. Is now the right time to sell your US dollars for euros? Here’s a balanced look at the latest data and forecasts.
Current Market Context: Dollar Weakness and Euro Stabilization
USD Slide in 2025: The US dollar has experienced its steepest decline in over three years, falling nearly 10% year-to-date. This sustained weakness is attributed to policy volatility, capital flowing out of the US, and narrowing interest rate differentials.
Key Exchange Rate: Recent rates hover between 0.85 and 0.87, representing moderate stability following a period of volatility.
Euro’s Resilience: While the euro has had its own struggles, from slower economic growth to political uncertainty in Germany and France, analysts forecast no major sustained fall for the euro through 2025.
2025 Forecasts: USD/EUR Direction—What Do the Experts Say?
Year-End 2025 Outlook: Major banks and forecasting firms expect the EUR/USD rate could climb even higher by year-end, meaning the euro could gain modestly versus the dollar if current trends continue.
Factors to Watch:
Fed Rate Cuts: Potential US rate cuts in Q3–Q4 remain a key driver for further USD weakness.
Trade & Tariff Uncertainty: Ongoing US tariff announcements and global trade tensions add volatility but also support safe haven flows to the dollar.
Eurozone Politics: Any resolution of political uncertainty in Europe could buoy the euro.
Most Important One: Fed's Money Printer...
Strategic Considerations: Should You Sell Now?
Locking in Current Rates: If you need euros to make payments, pay salaries, or make investments in the short term, converting a portion now could reduce your exposure to further USD downside.
If You Can Wait: Analysts see some chance for USD recovery in late Q3 or early 2026, but this is contingent on US policy stability and Fed decisions.
Averaging In: For larger transfers, consider splitting your transaction over time (also called dollar-cost averaging), which can help mitigate volatility.
Bottom Line
If you have an immediate need for euros, current rates present a reasonable opportunity. The dollar’s weakness throughout 2025 is well documented, but much of the pessimism may already be priced in. If you’re flexible with timing, monitor central bank policy signals throughout Q3/Q4, a more dovish Fed or unexpected eurozone stability could push rates further in your favor, but event risks remain elevated. Ultimately, a phased or hedged approach may offer both protection and potential upside
*not investment advice*
#forex #fx #dollar #usd #euro #eur #economy #trade #tariff #trading #indicator
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.
---------------------------------
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
Please respect each other's ideas and express them politely if you agree or disagree.
Euro/U.S. Dollar Analyze (EURUSD), 4-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
