Price formed a Higher High, confirming an uptrend.
Current pullback respected the Fibonacci 0.618 level, which often acts as a strong support zone during healthy retracements.
We’re now expecting a Higher Low to form
Bullish candle with strong wick rejection at 0.618
USD is under pressure due to expected Fed rate pause or potential cuts later this year.
EUR is stable but watch for ECB commentary—hawkish tone supports EUR.
DXY is weakening — supports EURUSD uptrend.
Current pullback respected the Fibonacci 0.618 level, which often acts as a strong support zone during healthy retracements.
We’re now expecting a Higher Low to form
Bullish candle with strong wick rejection at 0.618
USD is under pressure due to expected Fed rate pause or potential cuts later this year.
EUR is stable but watch for ECB commentary—hawkish tone supports EUR.
DXY is weakening — supports EURUSD uptrend.
Trade active
hit almost tp
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.